240-242 Main Highway, Otaki, Kapiti Coast
price TBC
534m2
100m2
Superior commercial investment
240-242 Main Highway, Otaki, Kapiti Coast Auction - 1pm, 24 November 2022, on site (unless sold prior) •Land 534 m2 •Building 100 m2 (more or less) •Development options •Ideal for owner-occupier and investor/developer Seldom do commercial land parcels of this size come available to purchase in Otaki's CBD. 240-242 Main Highway presents multiple options for the future occupier or investor to stamp their mark and add material value to this underdeveloped site. The existing building is extremely well presented and features a rear work shop of ~70 m2 with rear and side roller doors, high stud and mezzanine. To the front is a small office and separate storage/ lock-up. The front yard is securely fenced and suitable for storage and vehicles. Use as a workshop/car yard in its current form, develop to add value to the site or lease and land-bank this opportunity for the future. The recent purchase of Otaki Yard by Wellington property developer Ian Cassels provides confidence that the soon to be completed Peka-Peka to Otaki Expressway will have a positive impact on the CBD and encourage further investment and growth. This can only be positive for 240-242 Main Highway and its development attractions. Astute investors and business owners will therefore not want to miss out on the towns growth potential.
240-242 Main Highway, Otaki, Kapiti Coast
Web ID
KPC110446
Floor area
100m2
Land area
534m2
District rates
$3370pa
LV
$350,000
RV
$455,000
price TBC
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