Positioned at the northern entrance to the thriving Kerikeri CBD, this exceptional freehold property offers an opportunity for Home and Income, or an investment proposition with an appraised rental income $101,400.
Set on a generous 2,021m² of land with excellent road frontage on Kerikeri Road, the property includes three residential dwellings and a studio apartment. With a total floor area of 440m² (approx.), the property is zoned Residential under the current Far North District Council and as Mixed Use under the Proposed District Plan, allowing flexibility for future development or conversion, such as a boutique motel or commercial/residential hybrid use.
Council is actively promoting intensification within the Kerikeri CBD, making this a compelling investment for those looking to capitalise on Kerikeri’s continued growth. The property is currently configured as:
· Main House – 2 Bedrooms, 1 Office, 2 Bathrooms (previously 2 units, extensively renovated in 2021 into 1 large house)
· House 2 – 3 Bedrooms, 1 Bathroom
· Cottage – 2 Bedrooms, 1 Bathroom
· Studio – Bedroom and living areas combined
KEY FEATURES:
· Freehold land area: 2,021m² (more or less)
· Four separate dwellings – ideal for multi-tenancy or redevelopment
· High-profile location with excellent exposure to traffic
· Previously a small motel complex
For Sale
$1,595,000 + GST (if any)
Viewings by appointment only.
For more information or to view, contact us now.
