APPRAISED RENTAL INCOME OF $101,400

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, 2 Bathrooms, 1 Office (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.
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