Mortgagee Sale By Tender Commercial lots with extensive potential

A golden opportunity beckons for a wide range of purchasers in the heart of Paihia. Three freehold commercial lots are now available in the centre of downtown Paihia.

This mortgagee sale presented by Raine & Horne, offers plenty of potential for prospective buyers. Immediately adjacent to the main Paihia Retail and Commercial sector, these Selwyn Road lots are poised for a prosperous future.

Whether acquired separately or together, they offer a whirlwind of residential and commercial possibilities.

“Think of it as a blank canvas, right in the heart of Paihia,” says Ross Robertson.

“It’s only one street back from the waterfront and offers a level walk to the beach and an array of hospitality options.”

Each lot provides a unique charm. Lot 30 offers a 37 m2 commercial premise with an impressive 829 m2 of land. Lot

32, blessed with 691 m2 of land, is home to a very modest, original 76 m2 cottage. Lastly, lot 34 serves up a spacious, more modern 180m2 home with a peep at the sea and 760 m2 of land.

“These sites are north facing with direct road frontage and easy access to shops, clubs, and restaurants and can be purchased individually or together.

It’s a chance to build your dream home and live right in the heart of the town,” Ross says.

Though the existing structures are showing signs of deferred maintenance, this is an opportunity to create something new. Potential buyers must keep in mind their due diligence based on their intended use for the property.

Whether it’s developers seeking a rich land banking opportunity, long-term investors looking for a prime downtown location, or private individuals hoping for a residential house site with an upside of further development, Paihia offers many opportunities.

Paihia is primarily a tourism hub with water-based activities in the beautiful Bay of Islands.

Occupations in town are mainly tourism and hospitality-based, but it’s also a place where tradespeople, retailers, doctors, nurses, lawyers, and school teachers can readily find work.

This high-potential area is a convenient 24 kilometres from Kerikeri, providing access to New World and Countdown supermarkets, Bunnings, Mitre 10 Mega,

The Warehouse, and the closest city, Whangarei, is just 71 kilometres away.

The principal highlight of the sale is the versatility of the lots.

While they are viewed primarily as bare land redevelopment options, the house at Number 34 is more complete, offering three bedrooms, a lounge/dining with a separate kitchen, and two bathrooms.

So, whether you’re planning on constructing retail shops, office accommodation, or a range of travellers accommodation, these sites are well-placed to accommodate your vision.

Don’t miss this coveted opportunity to lay down roots in Central Paihia.

Combined these three properties represent the last large redevelopment site available in Paihia. Tenders close on 30th May 2024.

These sites are promising to transform into a vibrant hub of activity, so why not be at the heart of it.

For more information or an opportunity to view 30, 32 and 34 Selwyn Road, contact Ross Robertson of Raine & Horne Paihia today.