321 High Street South, Carterton

price TBC
2,848m2
Land Area
550m2
Floor Area
sold-flag

Prime investment with development potential

Discover this exceptional property located on SH2 in Carterton, featuring a 2,848m2 residential land parcel (more or less) with a 550m2 building currently leased to the Royal Oak Tavern. This buy-and-hold investment promises a high-percentage yield, offering a steady stream of rental income from the well-established tavern. Situated in a highly visible and accessible location, the property benefits from its proximity to key transport routes, making it an attractive choice for investors. With ample room for future development and the potential for continued commercial use, this is a rare opportunity to secure an asset in a growing region. Capitalise on the strong lease agreement in place and enjoy immediate returns while exploring the property's potential for appreciation and growth. Don't miss your chance to invest in this prime piece of real estate in Carterton!

321 High Street South, Carterton

Web ID

FEC188911

Floor area

550m2

Land area

2,848m2

District rates

$9,839.40pa

RV

$650,000

price TBC
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Catherine Jacques

Catherine Jacques

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FEC188911

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This is an opportunity not to be missed. Our vendor is highly motivated to sell! Built in the 1920s this three bedroom, one bathroom home is set on 844m2 (approx), but has the added bonus of a self-contained studio with an additional bedroom, lounge, kitchen and bathroom, making this a perfect space for guests, BnB or for intergenerational living. The main home has great open plan living and still retains lots of the original character features giving it that homely and welcoming feel. With high stud ceilings and spacious bedrooms this is a property that you will really have the ability to make and call your own. The mature grounds have an abundance of buxus hedges and established trees, it even comes complete with a sculpture of the Angel Grace, which adds some real personality and flair to what could be your next home. The converted studio will be sure to impress with the living downstairs and bedroom upstairs and has its own covered in deck area, so the possibilities here are endless. Set only minutes from Carterton CBD, train station, schools, shops, cafe's, restaurants and all the other wonderful things Carterton has to offer. Please call one of the team today for more information.

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By Negotiation

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