144 Bank Street, Regent, Whangarei

Rare opportunity on Whangarei's 'Golden Mile'

This 410sqm freehold site stands on prestigious Bank Street, in the suburb known as The Regent, Whangarei. The section of Bank Street that connects the Regent to the CBD of Whangarei is a main arterial road and carries a high volume of traffic as a direct route in/out of the north side of the CBD.
The neighbourhood has a wide mix of high value land use, ranging from medical/professional, education and childcare, through to major national brand fast food outlets and high end supermarkets.
The single building on the property began life in the early 1900's as a residential villa. Over the intervening decades it has progressively been modified and adapted to its current use as professional offices.
The building is set back from the road so as to provide a small courtyard or parking area for three to four cars. This property has historically enjoyed continuous occupation. It is currently leased to a Regional not-for-profit organisation who are operating comfortably from the premises.
Recent proposed Council changes to zoning and land use rules, signal potential new opportunities for this neighbourhood to continue to evolve toward higher use.
Investors or developers with an eye to emerging opportunities would be well advised to explore all the options this property might hold.
Viewing strictly by appointment only.
Purchase price is plus GST (if any).