Waterfront Retail with Development Potential

251, Maraetai Drive, Maraetai, Manukau City

By Negotiation

Proposed Usage
Retail
Floor Area
230.00 m²
Land Area
809.00 m²
Description:
Property ID
1c2wtt7

-Unique waterfront retail directly facing to Maraetai Beach
-Occupied by Foreshore Indian Restaurant and a Cafe/Takeaway
-Returning net $41,850.90 + GST
-Favourable Business - Neighbourhood Centre zoning, offering future development potential

A rare opportunity to secure a well-performing retail property situated on the doorstep of Maraetai Beach. This beach-facing building provides the incoming owner a passive holding income stream from 2 shops on a sizeable 809sqm section of land - offering holding income from a well performing tenant, with a view to subdivide the site in future like many of the other neighbouring properties.

Surrounding the property is a significant number of residential dwellings, with only a handful of Business-zoned properties situated within the area. The property's Business - Neighbourhood Centre zoning offers generous future development potential, with this zoning under the District Plan allowing subdivisions to a minimum of 200sqm of land, and maximum total building height of 13m.

Available for the first time on the market in more than 12 years, this unique waterfront opportunity cannot be ignored!.

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Maraetai Area