701 State Highway 1, Koromiko, Marlborough

701 State Highway 1, Koromiko, Marlborough Koromiko - Residential & Commercial In One

You choose lifestyle, investment or both. This income opportunity in Koromiko is a unique chance for

those looking for a rural home, to operate an established business or have an investment return. This property was last on the market in 1997 so chances like this are few and far between. The location near Picton and the Marlborough Sounds is a prime spot for those seeking a more relaxed lifestyle.

Residential/House - The 276m2 three-bedroom house with attached double garage/workshop and 2 car ports has been tastefully renovated and ready to move the family in. A new roof was added in 2020. The

house land area is around 1,600m2 and is fully fenced and private - backs onto the Picton Golf Club.

You also get a fully consented sleepout with a kitchenette, shower, and a toilet. In addition to this there is

a bonus storage/bedroom located next to the garage and a fabulous swimming pool to cool off on

our beautiful summer days.

Commercial - the front portion of the property has an existing usage consent for boat/caravan

storage/sales and boat repairs. The current owners operate this business, and the property can be

sold with the existing business as a going concern, or with a suitable lease back to my current

owners - or vacant. The commercial building area is approximately 331m2 and the fully fenced

secure yard around 677m2. Significant building improvements were undertaking a few years ago

and the building now exceeds earthquake code requirements. The workshop is one of the only

buildings in Koromiko to have fibre installed.

The rural business zoning allows for a variety of potential uses subject of course to consent

requirements and potential buyers should do their own due diligence on such matters. My owners

advise that a recently completed insurance replacement valuation came out close to $1.4M.

Contact Hiram Taylor - 021573622 or email: [email protected]