Multiple tenancy with potential

Waipawa, Central Hawkes Bay

Offers

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c74bj9

Looking for a sound investment opportunity with growth potential? Situated on 5048sqm in Waipawa on residential zoned land. The buildings providing multiple potential income streams to spread your risk, plus additional land to develop further. The John Scott designed former school buildings have been occupied by the current business for over a decade. Proposed rental of $20,000 plus GST for approximately half of the former school complex. This leaves an opportunity to lease or occupy the remaining spaces (one of which has kitchen, bathroom, bedroom and lounge facilities). In addition, a spacious two-bedroom home also provides comfortable, private living at the rear of the property, with the current tenant keen to stay. Create a multi-tenancy property, owner-occupy, convert and build further residential units, and/or explore subdivision - the options are only limited by your imagination. Alternatively, enjoy the strong rental returns while you consider the next step. Plus GST. Call today.

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