For Sale
562 State Highway 10,,
Taipa, Far North District
By Negotiation
Property details
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Agents
Ray White Kaitaia: Far North Circle Real Estate Limited Licensed REAA 2008
123 Commerce Street, Kaitaia Far North District 0410
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MULTI-TENANTED DIVERSE INVESTMENT
Ideal multi-tenanted investment, providing a diverse income stream from both Residential and Commercial tenants located on State Highway 10,
in the scenic Doubtless Bay in Northland.
The property is strategically located at the Corner of State Highway 10 and Oruru Rd, offering excellent branding opportunities for retail tenants, with high daily traffic on State Highway 10, additionally the property benefits from the 2 residential units overlooking the Taipa Estuary, ensuring a continuance of rental incomes from the property.
The breakdown of the tenancies are - Commercial building being 3 separate tenancies: Taipa Tackle Shop, Doubtless Bay Law and a Hairdresser with a total annual net return for the commercial portion of $47,364 plus GST; Two very tidy self-contained residential units are currently property managed, with one rented at $498 pw and the other unit at $500 pw, providing a combined income of $998 per week.
With a land area of 1372 sq m (more or less) contained on a Freehold Title, this property provides an investor with surety from the multiple income streams generated by the commercial and residential tenants. The Commercial building provides a total net lettable area of 466.52 sq m (approximately), each Residential unit being 62 sq m (approx.) plus decks, providing a split-risk investment that is hard to beat.
Ideally located in the Taipa Business Hub, with an array of surrounding businesses such as Z Service Station, Café, Superette, Tavern, to name a few. Taipa Area School is within easy walking distance from the property, as is The Taipa Resort. With local boat launching facilities close by, and
overlooking the Taipa Estuary leading to Doubtless Bay, this property really does offer an outstanding and iconic location.
Zoned Commercial, under the Far North District Council's Operative Plan, the zone incorporates the existing commercial areas of the district and is intended to retain the style and atmosphere of the commercial district.
These quality multi-tenanted investments are few and far between - particularly with both the residential and commercial mix.
in the scenic Doubtless Bay in Northland.
The property is strategically located at the Corner of State Highway 10 and Oruru Rd, offering excellent branding opportunities for retail tenants, with high daily traffic on State Highway 10, additionally the property benefits from the 2 residential units overlooking the Taipa Estuary, ensuring a continuance of rental incomes from the property.
The breakdown of the tenancies are - Commercial building being 3 separate tenancies: Taipa Tackle Shop, Doubtless Bay Law and a Hairdresser with a total annual net return for the commercial portion of $47,364 plus GST; Two very tidy self-contained residential units are currently property managed, with one rented at $498 pw and the other unit at $500 pw, providing a combined income of $998 per week.
With a land area of 1372 sq m (more or less) contained on a Freehold Title, this property provides an investor with surety from the multiple income streams generated by the commercial and residential tenants. The Commercial building provides a total net lettable area of 466.52 sq m (approximately), each Residential unit being 62 sq m (approx.) plus decks, providing a split-risk investment that is hard to beat.
Ideally located in the Taipa Business Hub, with an array of surrounding businesses such as Z Service Station, Café, Superette, Tavern, to name a few. Taipa Area School is within easy walking distance from the property, as is The Taipa Resort. With local boat launching facilities close by, and
overlooking the Taipa Estuary leading to Doubtless Bay, this property really does offer an outstanding and iconic location.
Zoned Commercial, under the Far North District Council's Operative Plan, the zone incorporates the existing commercial areas of the district and is intended to retain the style and atmosphere of the commercial district.
These quality multi-tenanted investments are few and far between - particularly with both the residential and commercial mix.
Inspections
Explore the area
School catchments
- Taipa Area School Composite Years 1-15 State 0.26km
- Te Rito - Te Kura Taiao Composite Years 1-15 Charter 4.3km
- Mangonui School Primary Years 1-6 State 6.2km
- Oruaiti School Full primary Years 1-8 State 11.2km
- Peria School Full primary Years 1-8 State 11.5km
- Kaingaroa School (Kaitaia) Full primary Years 1-8 State 12.7km
- Te Rangi Aniwaniwa Composite Years 1-15 State 18.1km
- Pamapuria School Full primary Years 1-8 State 18.4km
- Oturu School Full primary Years 1-8 State 19.7km
- Awanui School Primary Years 1-6 State 19.9km
- TKKM o Tūtūtarakihi Full primary Years 1-8 State 21.9km
- Tumanako Christian College Composite Years 1-15 Private 22.2km
- Kaitaia School Primary Years 1-6 State 22.2km
- Kaitaia Intermediate Intermediate Years 7-8 State 22.4km
- Pompallier Catholic School Full primary Years 1-8 State integrated 22.9km
- Kaitaia College Secondary Years 9-15 State 23.5km
- TKKM o Pukemiro Composite Years 1-15 State 23.5km
- Broadwood Area School Composite Years 1-15 State 30.2km
- Whangaroa College Secondary Years 7-15 State 31.4km
- TKKM o Whangaroa Composite Years 1-15 State 39.4km
- Te Kura Taumata o Panguru Composite Years 1-15 State 43.4km
- Okaihau College Secondary Years 7-15 State 45.5km
- Ngataki School Composite Years 1-10 State 47.5km
- Springbank School Composite Years 1-15 Private 49.1km
- Griffin Academy Composite Years 1-15 Private 51.4km
- Kerikeri High School Secondary Years 7-15 State 51.4km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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Contact Wayne Scott
Contact Wayne Scott
Wayne Scott
562 State Highway 10, , Taipa 0420
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Wayne Scott
562 State Highway 10, , Taipa 0420