Positioned in the heart of Paihia’s bustling CBD, Units N-S, 1 Williams Road presents an excellent opportunity to secure an entire first-floor commercial holding in one of Northland’s premier tourism destinations.
Occupying a prominent position above the established Williams Road retail precinct, the property comprises of six legal unit titles with a combined lettable floor area of 482m². The first-floor offices are accessed via an inviting common area and provide well-lit, secure tenancies with large glass windows overlooking Williams Road. With full occupancy, the property has the potential to generate returns more than 10%, presenting an attractive proposition for Investors.
Zoned Commercial under the Far North District Council, and Mixed Use under the Proposed District Plan, the property is strategically positioned to benefit from the Council’s vision for further intensification within the Paihia town centre. Future value-add potential includes individual unit sell-downs, or repurposing into residential apartments.
This property is priced to sell at $200,000 less than CV! This is a compelling opportunity to acquire a versatile commercial asset with immediate income potential and exceptional long-term development upside.
KEY FEATURES
• 6x Unit titles (S, R, Q, P, O and N)
• Combined floor area: 482m² (approx.)
• Vacant units ready for Owner occupation or new tenants
• Potential to convert into multi-storey apartments
• Ownership of 50% of the airspace above a sizeable portion of central Paihia
• Renovated shared spaces and bathrooms
• Priced to sell!
For Sale:
$998,800 + GST (if any)
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