230 Palmerston Street, Westport, Buller

$295,000 + GST (if any)
330m2
Floor Area

+23

+22

Commercial Investment Opportunity

Looking for a lucrative investment opportunity in the bustling town of Westport? Look no further. We have an exciting offer for you - two connected dwellings on one title, with tenants already in place. This 330m2 building sits on a spacious 400m2 section and is split into two commercial spaces. The first is home to the popular Smileys Takeaways, while the second is leased by Literacy Aotearoa as an office building. Each space has its own storeroom and toilet facilities, providing a convenient and practical setup for both tenants and customers alike. Located on the busy main street of Westport, these commercial spaces are well placed among the town's retail hub. With a great location and established tenants, this is an excellent opportunity to generate passive income and watch your investment grow. Don't miss out on this exciting opportunity - contact us today to learn more about this investment gem in Westport.

230 Palmerston Street, Westport, Buller

Web ID

WEC118931

Floor area

330m2

District rates

$11,242.10 pa

Regional rates

$314.00 pa

LV

$170,000

RV

$280,000

$295,000 + GST (if any)
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Contact


Garry Howard

Garry Howard

027 447 4371

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Property enquiry

Property enquiry for
WEC118931

About the location


Satellite

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Secure the perfect opportunity to operate your very own cafe and restaurant situated in a prime location at the entrance of Westport township. Nestled amongst the majority of Westports motels and just a two minute walk from the new Health Centre, you'll attract walk-in customers and new, regular, repeat guests. You will also be able to capitalize on the steady stream of potential customers that drive into town everyday and who appreciate an inviting place to stop and rest. This beautifully kept, charming cafe and restaurant, known as the Yellow House has mature gardens with stunning views of the hills. It is well known for its fine food and drinks, and both indoor and outdoor areas are ideal for hosting a variety of events. Take advantage of the existing business and buildings or create something new. This is an amazing chance to own your own business located in a brilliant area with massive potential for further growth. A popular destination for locals, out of towners and tourists, boasting a homey, cozy feel, friendly staff and chill atmosphere for customers to enjoy delicious food and drink. With living quarters out the back, this could be a passionate, foodie chefs ideal lifestyle. The restaurant is placed on a good sized piece of land, with ample parking, a very well-appointed open kitchen and all you need to get started. Imagine the possibilities, from the freedom of being your own boss to building on your own passion for this industry! This is definitely your chance to make something special. Don't miss out on this incredible opportunity. This property is being sold plus GST if any.

$670,000 + GST (if any)
1
Bathrooms

Fully fenced section that could be ideal for storage units, commercial operation or base for parking up. 488m2 freehold section that has remained high and dry. Services at roadside. Not many vacant sections zoned commercial and priced to sell. Price is plus GST if any.

From $90,000 + GST (if any)
3
Bathrooms

This property is multi tenanted and has good returns. Currently three tenants providing $875 per week plus 50% of outgoings. Current nett $39,366. Freehold section of 407m2 and a building cover of approximately 368m2. The building will require seismic strengthening by 2034. Report available. Excellent location and well worth inspection.

$350,000 + GST (if any)

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