A fantastic opportunity exists to purchase land and buildings in the heart of Motueka's CBD on the High Street. Key Considerations: Exceptional opportunity for an owner occupier or investor. Corner building site. Prime 460 m2 freehold site (More or less). 650 sqm of floor space (Approximately). 2 High profile Retail Shop Fronts (Both occupied on Rolling leases). 3 Renovated, 1 bedroom Residential Apartments on 1st floor, with direct separate stair access (2 apartments currently vacant). Current Net income of $78,027 P.A with potential to achieve $110,000 with all apartments rented. High visibility site on Motueka's Main Street in the heart of the CBD. Situated amongst retail, hospitality, cafes, restaurants.
Very good foot and vehicle traffic. Motueka CBD has a wide appeal for businesses and shoppers, with its numerous retailers, food & beverage options and two supermarkets. The High Street site is accessible for tenants and clients, with 3 off street parking sites for tenants and public car parking options nearby. Business activity in Motueka's CBD has benefited by a growing residential catchment. The Motueka area has benefited from new residential subdivisions bringing a stronger level of growth to the region and the town centre. With the increased housing and development, many businesses are seeing new opportunities and choosing to locate in Motueka. to A fantastic opportunity exists to purchase land and buildings in the heart of Motueka's CBD on the High Street. The vendors are motivated to sell, so bring all offers. Key Considerations: Exceptional opportunity for an owner occupier or investor. Corner building site. Prime 460 m2 freehold site (More or less). 650 sqm of floor space (Approximately). 2 x High profile Retail Shop Fronts (Both occupied on Rolling leases). 3 x Renovated, 1 bedroom Residential Apartments on 1st floor, with direct separate stair access (1 apartments currently vacant).
Current Net income of $96,747 P.A with potential to achieve $115,000 with all apartments rented. High visibility site on Motueka's Main Street in the heart of the CBD. Situated amongst retail, hospitality, cafes, restaurants. Very good foot and vehicle traffic. Motueka CBD has a wide appeal for businesses and shoppers, with its numerous retailers, food & beverage options and two supermarkets. The High Street site is accessible for tenants and clients, with 3 off street parking sites for tenants and public car parking options nearby. Business activity in Motueka's CBD has benefited by a growing residential catchment. The Motueka area has benefited from new residential subdivisions bringing a stronger level of growth to the region and the town centre. With the increased housing and development, many businesses are seeing new opportunities and choosing to locate in Motueka.
