Residential investment, development or re-purpose

303, 305, Ormond Road and 32 King Street, Mangapapa, Gisborne City

Tender

Proposed Usage
Industrial
Floor Area
360.00 m²
Land Area
1669.00 m²
Description:
Property ID
1c7155k

Note: Tenders now closing 4pm, 31 October 2019 at 10 Reads Quay, Gisborne.

• Extensive buildings located across three freehold Titles (may be purchased separately)
• High profile location on a main Gisborne route
• Combined RV of $1,451,000 (2017)
• Currently utilised as a Private School yet offers multiple options

Located in the heart of Mangapapa, Gisborne you'll find three Titles of residential property, currently utilised as a private school. 303 Ormond Road comprises of the original church, boasting high ceilings and wood panelling. This building is currently utilised as the school hall, music room and gym and would make for a trendy house conversion. Set on 1669sqm, the 'school field' offers potential for subdivision and residential housing. An early 1900s home next door at 305 Ormond Road has been converted for a school office and staff room while the garage has been set up for woodwork and technology.

32 King Street is a neighbouring property with a additional access and offers two separate classroom buildings. Previously a residential home, there is an opportunity for multiple income streams or lease as an office or community centre.

A total land area of 3372sqm situated on three Titles (which may be purchased separately), this unique property offers a multitude of options including use as a Kohanga, Kindergarten, Private School, convert to residential investment property or remove the buildings to develop the land.

This property will be sold with vacant possession with an approximate settlement date of April 2020.

Tenders close: 4pm, Wednesday 23 October 2019 (unless sold prior)
10 Reads Quay, Gisborne


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Mangapapa Area