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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