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Holding Income + Development potential 

19 Homestead Road, Kerikeri

Retail Property
dollar

Negotiation

Floor area
224m2
Land area
3516m2
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Property details

Listing # 4020185 | Listed on 25 January 2024

The owners of this property have given clear instructions – SELL! They have moved away from the area and need this property sold. This large 3,516 m² block is situated in the middle of Kerikeri. With strong demand for commercial and residential space makes this property prime for future development and in the meantime enjoy the holding income from leasing out the building, and the very well place Billboard.

Concept plans are available showing a 4 level development with parking, commercial and two levels of residential apartment showcasing the potential for the site OR a simple single level retail/office offering would also bring market demand. There is also the option for the vendor to subdivide the site into two lots if a purchaser requires a smaller area of around 1750 m².

There is a development clause in the building's lease giving flexibility to meet your development plans.

Kerikeri is in need of both commercial and medical facilities as the growing town matures. Professional offices have few modern options with good parking to attract both staff and clients to the area. Kerikeri serves a large geographic area for health and retail requirements and the swell of a population in a good socioeconomic area is placing strong demand on the existing infrastructure.

This is one of the last underdeveloped sites in central Kerikeri so call today for a full information pack and confidential discussion.

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