Yes, the price is correct $765,000 + GST (if any) for a property so close to the water edge. Unlock the potential of this central location on Kings Road in the bustling tourist town of Paihia. This 809m² Freehold property is walking distance away from Paihia’s stunning beach, waterfront and lively CBD. This property is ready to be revived, a refurbishment opportunity waiting to happen with endless opportunities including Airbnb, Backpackers, worker accommodation, hospitality or retail! Or convert into multiple residential units with Paihia’s rental shortage (with council approval).
The property includes two buildings which are currently vacant, and ready for your vision of ownership. Whether you are looking to breathe new life into the buildings or create a new commercial hub, this is your chance to capitalise on being located within Paihia’s tourist hub before the market price increase as tourism recovers post Covid.
Paihia’s rich history, picturesque beaches, and access to iconic attractions like the Waitangi Treaty Grounds/ Mountain bike park make this property a prime investment. With increasing tourist demand and strong market rates for accommodations, renovating and reviving this property is a true opportunity.
KEY FEATURES
• Freehold land area: 809m²
• Multiple potential uses
• Prime location close to the beach and bustling CBD
For Sale
$765,000 + GST (if any)
For more information or to view, contact us now.
See this listing on Barfoot & Thompson
