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7 Bayview Road, Paihia, Far North

Asking price $1,450,000

804m²

Prime Mixed-Use Property In The Heart Of Paihia

$1,450,000 + GST (if any)

Discover an exceptional opportunity in the vibrant heart of Paihia, where sea views and prime location converge. This strategically positioned features commercial tenancies on the ground floor, with two residential apartments above. Just a short stroll from the Paihia CBD and the stunning waterfront, this property offers unparalleled convenience, accessibility, and rental income potential!

The ground floor commercial part of the building is mostly available as vacant possession, with the

exception of Awanui Pathology who are currently on a flexible lease arrangement. The upstairs apartments have residential tenants on a periodic tenancy. The two residential apartments are configured as a large 2-bedroom, 1-bathroom with a laundry. The smaller Studio apartment has an open-plan lounge/ bedroom layout and bathroom. This smaller apartment could be used as a third bedroom and bathroom to the main apartment. The commercial space's current fit out includes nine clinic/office rooms, providing ample flexibility for any tenant’s business needs. A savvy Investor could tenant the ground floor utilising the three separate entrances for up to three separate

tenants. The real lawn area could be developed into terraced gardens.

KEY FEATURES:

• Freehold land area: 804m²

• Total floor area: 440m² (approx.)

• Prime location within walking distance to the Paihia CBD and Waterfront

• Ground floor Commercial, First floor Residential

• Commercial space offers nine clinic/office rooms, reception and amenities

• Excellent road frontage with ample parking

• Commercial part of building vacant possession

• Unutilised land at the rear

Don’t miss this rare opportunity to secure a mixed-use property in one of Northland’s most desirable

locations. Whether you’re looking to invest, develop, or occupy, this property offers endless

possibilities.

See this listing on Barfoot & Thompson

Additional details

Type

Home & Income

Property ID

897273

Listed on

21/08/2024

Updated

yesterday

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Property data

Broadband available

Floor area

398m²

Land area

804m²

Type of title

Freehold

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Paihia, Far North

Paihia is a suburb which lies within the Territorial Authority of Far North, one of 59 residential suburbs which form the wider region. Paihia is the 6th largest suburb of Far North in terms of the total number of residential housing stock. Paihia provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1900 - 1909. The majority of the residential housing stock in the locality was constructed between 1980 - 1989. Residential housing stock in Paihia is made up of approximately 89% residential housing , 8% residential investment housing and 3% lifestyle properties.

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