Commercial

Prime Residential Development Opportunity

65 North Road, Kaitaia

Investment Opportunities
dollar

$3,100,000 Plus GST (if any)

Floor area
670m²
Land area
7449m²

Map

Property description

Listing # KAA31419|Listed on 20 March

An outstanding opportunity to secure a high-profile, main road property in Kaitaia. This property (formerly a motel) has undergone extensive refurbishment and is now offered as an unfinished development ready for completion.

Development Overview:

  • 15 self-contained units
  • 1 x 2 bedroom unit with double garage (largest unit)
  • 6 x Two-bedroom units - 2 with single lock-up garages
  • 7 x One bedroom units - 4 with single lock up garages
  • Allocated on-site parking spaces for all remaining units
  • All units have private patios, new roof and rear gardens
  • Significant refurbishment works completed to Council
  • Established services and infrastructure in place
  • Prominent North Road frontage with excellent visibility
  • Easy access to town centre and local amenities
  • Land area 7449 square metres (more or less)

With much of the groundwork already done, this property presents a compelling value-add opportunity for developers, investors, or housing providers. Potential uses (subject to council approval) include:

  • Long-term residential acommodation
  • Worker or contractor housing
  • Supported or transitional housing
  • Further unit development on residual land
  • Rental estimate for units available on request.

Demand for quality accommodation in the Far North continues to grow, making this a strategic project with strong upside potential.
Complete the development and capitalise on this prime Kaitaia opportunity.
Contact us today for further details or to arrange a viewing.

Your notesYour notes
Far North Circle Real Estate Ltd (Licensed: REAA 2008) - Ray White, Kaitaia

Wayne Scott

Far North Circle Real Estate Ltd (Licensed: REAA 2008) - Ray White, Kaitaia
10 active listings
Far North Circle Real Estate Ltd (Licensed: REAA 2008) - Ray White, Kaitaia

Diane Weaver

Far North Circle Real Estate Ltd (Licensed: REAA 2008) - Ray White, Kaitaia
8 active listings

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