Fizzing for development

60, Belmont Road, Paeroa, Hauraki

Auction

Proposed Usage
Retail
Description:
Property ID
1c6lqlq

Located in the heart of Paeroa's main street, 60 Belmont Road offers a prime development opportunity with substantial holding income.
The 731sqm (more or less) site with frontages onto Belmont Road (State Highway 2) and Willoughby Street at the rear gives the site excellent exposure to both vehicular and foot traffic.
Located off Willoughby street is a 349sqm (more or less) workshop currently returning circa $31,000 allowing the new owner an income while developing the front of the property or the opportunity to run the current lease out and redevelop the whole site.
Paeroa is currently experiencing substantial growth with large investment in multiple housing and age care developments supported by the nearby Kerepehi industrial development, it is easy to see why people are looking to invest in the town.
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Paeroa Area