DEVELOPMENT POTENTIAL WITH HOLDING INCOME

410, Kerikeri Road, Kerikeri, Far North

$3,150,000

Proposed Usage
Development Site
Description:
Property ID
1c54d4y

Just over 2Ha of prime land, zoned Rural Living with established lush tropical gardens, excellent road frontage and only 1km walk in to the main Kerikeri shopping precinct.
Accommodation improvements include six self-contained cottages, 1 brm, 2 brm and 3 brm and a large two bedroom home with a further two adjoining self-contained units.
All six cottages are run under external property management and current owners live in the home and easily operate the two units for short stay holiday accommodation.
This very special property has been lovingly developed over many years and is testament to the original owners who had the vision of creating something quite exemplary. The current owners have spared no expense in upgrading infrastructure including latest insulation codes, heat pumps and califont hot water units.
The property is serviced with town water supply and additional irrigation supply for landscape maintenance.
Within the current Rural Living zoning and considering the shortage of available rental properties in Kerikeri, this property is well placed to satisfy an investor's desire to secure a prime investment property close to the developing centre of Kerikeri.

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Kerikeri Area