• Rare opportunity to develop, invest or occupy beachside commercial/residential zoned site in Waipu Cove
• 2,394sqm (more or less) site set across two titles with substantial holding income
• Significant road frontage onto Cove Road and potential to activate frontage to adjoining campground
• Subdivision rules allow for potential of up to four titles
Located on the doorstep of Waipu Cove Beach and Camp Waipu Cove 893-897 Cove Road presents a myriad of redevelopment and investment options in a unique seaside location.
Situated across two titles the properties currently comprise Waipu Cove General Store a bustling convenience store that holds a monopoly over the surrounding catchment, a real estate agency and several accommodation rentals providing excellent holding income with no restrictive lease tails.
The property offers excellent redevelopment potential being the only commercially zoned site in Waipu Cove and Langs Beach. In addition the zoning also allows for residential options with development up to 8m height and potential to subdivide up to four titles.