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Investment Flats for Sale

134 Kerikeri Road Kerikeri, Far North District

Set Date of Sale (unless sold prior)
  • Building: 272m²
  • Land: 2,021m²

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Investment Flats for Sale in Kerikeri

Vendor Relocating - Land Bank with Holding Income

  • Building: 272m²
  • Land: 2,021m²

Selling by way of "Set Date of Sale" this unique 2,021 sq m (more or less) freehold property offers purchasers a myriad of possibilities.

Currently zoned "Residential", the property has commercial use rights for accommodation, and potential for commercial development under the proposed unitary plan of "Mixed Use" (subject to the Far North District Council proposed unitary plan).

This diverse property offers the potential for steady rental returns or holding income from the tenanted units at the rear of the property, with a very tidy 3 brm home that could either be rented out adding to the income stream, or used as the main residence while generating income from the rear units.

Location is the key! Within walking distance to Kerikeri township and supermarkets, the site also has the benefit of a large residential/commercial development site (currently under resource consent process with the Far North District Council) adjoining the property. The potential growth in this area, both commercial and residential cannot be understated.

Landbank - Holding Income - Multiple Income Streams - This property has it all, either as an investment, development or reside with income from the rear units.

To be sold by way of "Set Date of Sale" - 4.00 pm, 10th June 2025 (unless sold prior).

Contact Glenda West at Ray White Northland Circle Real Estate Limited, Licensed REAA 2008, on 021591231 or Glenda.west@raywhite.com

Property ID:

KRK31182

Building:

272m²

Land:

2,021m² / 0.5 acres

Zone:

Residential

Tenancy:

Vacant

134 Kerikeri Road, Kerikeri, Far North District
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