Positioned on a prominent corner site on Richmond Street, this early 1900s villa offers a versatile opportunity combining holding income with strong future commercial potential.

Set on 506sqm (more or less), the spacious weatherboard property retains classic character with high ceilings and generous room sizes. Currently configured with three bedrooms, a separate lounge and spacious dining area, the property is presently used as a residential dwelling.

Importantly, the home is tenanted at $560 per week until June 2027, providing reliable income at a 5.6% gross yield while you plan your longer-term vision for the site.

Zoned Commercial (Zone 8A), the property benefits from excellent corner-site visibility, making it an appealing option for future business use. The property also includes a detached garage with toilet, along with ample off-street parking, adding further practicality for potential commercial activity.

Whether you are looking to renovate, landbank, or establish a future business location, this is a property that allows you to secure the site now while receiving income as you plan your next move.
Viewing by appointment only.

Please be aware that this information has been sourced from third parties. View our property information disclaimer here: raineandhorne.co.nz/property-disclaimer