With 3 freehold titles totalling 11,439m², this property offers unique Neighbourhood Centre zoning for both commercial and residential use. The standout feature is undoubtedly the exclusive rights to natural geothermal water extracted beneath Parakai. Auckland Regional Council water permit under application allows daily extraction of 28 cubic meters.
Business Town Centre zoning allows for up to 3-story structures, offering endless possibilities for retail, office, and residential spaces. This zoning is ideal for investors and developers as it allows for future development and expansion possibilities.
Key Features:
- 3 Freehold titles, 11,439m² total land area.
- Neighbourhood Centre zoning allowing for commercial and residential use.
- Exclusive rights to natural geothermal water extraction.
- Business Town Centre zoning allows for up to 3-story structures.
- Diverse income stream with multiple tenants: generating approx. $300,000 income p.a.
- Unique opportunity to develop, invest or land bank.
Nestled in Parakai, this 1.1440-hectare gem offers a range of investment and development opportunities. Currently businesses operating are restaurant, wholesale liquor outlet, thermal complex, retail premises, and an accommodation building of 13 Flats, 9 cabins, and 3 Caravans.
Perfect for investors and developers, the property boasts a substantial rental income exceeding approx. Current tenants (which can be vacated to allow future development opportunities) are currently paying approximately $300,000 annually, with potential for even greater returns.
Seize this once-in-a-lifetime opportunity to secure your stake in a property that combines land, water rights, and business potential!
