Kerikeri - Visionary says Sell - $500,000 price reduction!

Description

The owners of this property have given clear instructions – SELL! They are moving away from the area and need a Sold sign up on this property.This large 3,516 m² block is situated in the middle of Kerikeri and with strong demand for commercial and residential space is prime for development. Concept plans are available showing a 4 level development with parking, commercial and two levels of residential apartment showcasing the potential for the site. There is also the option for the vendor to subdivide the site into two lots if a purchaser requires a smaller area around 1750 m².

Mancave is the current tenant with lease providing a holding income with a development clause allowing you to progress the build process. Further income is derived from billboards in this high traffic area.

Kerikeri is in need of both commercial and medical facilities as the growing town matures. Professional offices have few modern options with good parking to attract both staff and clients to the area. Kerikeri serves a large geographic area for health and retail requirements and the swell of a population in a good socioeconomic area is placing strong demand on the existing infrastructure. The concept plan includes 1254 m² of commercial space split into two tenancies on the ground floor.

Residents in the area are also looking for low maintenance options such as apartments so they can enjoy the amenities of the area without the upkeep of a large residential site. The apartments on the second and third floors have a great rural outlook due to the ridge top location. The twenty-one apartments are a mix of 1,2,3 plus a substantial 4 bedroom unit spread across 2301 m² on the top two floors. Serviced by two lifts and stairwells, the close proximity to the vibrant town centre and golf course is particularly appealing.

The proposed concept includes all the supporting infrastructure including 71 carparks split undercover and on the outside of the building with a good residential and commercial split.

Buy all or one of the subdivided titles to secure your next development. This is one of the last underdeveloped sites in Kerikeri so call today for a full information pack and confidential discussion.