1 Main Street, Otaki

A compelling opportunity for developers, investors, or hands-on buyers seeking a project with genuine upside in a tightly held Kapiti Coast location. Occupying a high-profile corner site in the heart of Otaki township, this property has traded for many years as a Chinese takeaway and is now offered for sale on an “as-is” basis. The site benefits from dual street frontage to Main Street and Rangiuru Road, plus a service lane to the rear, providing excellent access, exposure, and future design flexibility. The existing building offers a practical footprint with scope to refurbish and reconfigure, including the potential to create a bright, welcoming customer area with seating, alongside commercial kitchen facilities suitable for food, hospitality, or other retail uses. Alternatively, demolish and rebuild to unlock the full development potential of this strategically positioned site. Whether you are looking to add value through refurbishment, redevelop, or landbank in a growing township, this is an opportunity not to be overlooked. Key Features: •Prime corner development site with strong upside •Dual frontage to Main Street and Rangiuru Road •Rear service lane access •Land area: 180m² (more or less) •Building area: 70m² (more or less) •RV: $140,000 •Sold as-is, where-is •BEO $100,000 + GST (if any) This is a genuine chance to secure a well-located Otaki property with significant future potential.

Buyers $100,000+

Unit 3, 3 Arthur Street, Otaki, Kapiti Coast Price by Negotiation •Sought-after CBD location •Smart/modern presentation •Seismic 70% of National Building Standards •85m2 floor (more or less) Situated proudly in the most popular part of Otaki's well established shopping precinct, the location provides a great opportunity for any professional business or retail shop to thrive. Part of a 9-unit retail complex that was constructed in the 2000's, Unit 3 consists of 85 m2 (more or less) single level floor space and features a bright open entrance with front reception desk, a small recess/storage area and shared kitchen and toilet facilities. The property provides a rare opportunity to lease an affordable retail/office space in a premium location, underpinned by great connectivity to nearby businesses. Call now to inspect.

$23,000

Unit 3, 3 Arthur Street, Otaki, Kapiti Coast Asking price $210,000 Features: •Tenanted investment opportunity •Net rental $17,000 pa + GST and outgoings •Sought-after CBD location •Seismic rating 70% NBS Situated proudly in Otaki's well established shopping precinct and with a stable tenant in place, Unit 3, 3 Arthur Street presents an attractive option for first time buyers and seasoned investors alike seeking consistent rental income. Part of a 9-unit retail complex that was constructed in the 2000's, Unit 3 consists of 85 m2 (more or less) single level floor space and features a bright open entrance with front reception desk (included in the sale), a small recess/storage area and shared kitchen and toilet facilities. Priced competitively, the property is well configured in a prime location underpinned by great connectivity to nearby businesses. Asking price $210,000

$210,000