$1,450,000 + GST (if any)
Discover an exceptional opportunity in the vibrant heart of Paihia, where sea views and prime location converge. This strategically positioned features commercial tenancies on the ground floor, with two residential apartments above. Just a short stroll from the Paihia CBD and the stunning waterfront, this property offers unparalleled convenience, accessibility, and rental income potential!
The ground floor commercial part of the building is mostly available as vacant possession, with the
exception of Awanui Pathology who are currently on a flexible lease arrangement. The upstairs apartments have residential tenants on a periodic tenancy. The two residential apartments are configured as a large 2-bedroom, 1-bathroom with a laundry. The smaller Studio apartment has an open-plan lounge/ bedroom layout and bathroom. This smaller apartment could be used as a third bedroom and bathroom to the main apartment. The commercial space's current fit out includes nine clinic/office rooms, providing ample flexibility for any tenant’s business needs. A savvy Investor could tenant the ground floor utilising the three separate entrances for up to three separate
tenants. The real lawn area could be developed into terraced gardens.
KEY FEATURES:
• Freehold land area: 804m²
• Total floor area: 440m² (approx.)
• Prime location within walking distance to the Paihia CBD and Waterfront
• Ground floor Commercial, First floor Residential
• Commercial space offers nine clinic/office rooms, reception and amenities
• Excellent road frontage with ample parking
• Commercial part of building vacant possession
• Unutilised land at the rear
Don’t miss this rare opportunity to secure a mixed-use property in one of Northland’s most desirable
locations. Whether you’re looking to invest, develop, or occupy, this property offers endless
possibilities.