Freehold Bank Street corner opportunity


1 Apirana Avenue, Regent

Private Treaty

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Freehold Bank Street corner opportunity | 1 Apirana Avenue, Regent | 1051952 |      X Close
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Freehold Bank Street corner opportunity


•Generous 1,329sqm (more or less) corner site with 65sqm road frontage

•Substantial 300sqm (more or less) 1930's bungalow with additions

•High value, professional neighbourhood surrounded by well established international brand tenants such as McDonalds, KFC and Pizza Hut

•Resource consent in place for a restaurant seating 80 guests

This 1,329sqm (more or less) freehold site stands on the corner of prestigious Bank Street and Apirana Avenue in the high value Whangarei suburb known as The Regent. This suburb contains a wide range of high-end business activity that ranges from professional practices through to all leading national fast food providers.

Bank Street itself is the main arterial link to the northern end of the Whangarei CBD and benefits from high traffic flow. With the building having a long established use as a residence, a resource consent has been obtained to allow the conversion into an 80-seat licensed restaurant.

Very recent zone changes to this neighbourhood have introduced new rules; the inclusion of a relaxation of former restrictive parking standards and the introduction of a progressive approach to mixed-use development involving living accommodation and commercial activity.

Investors/developers or potential owner-occupiers with an eye for emerging opportunity would be well advised to explore all the opportunities that this well position property may offer.

For sale by way of Set Date of Sale: 1:00pm Monday 3rd August 2020

84 Walton Street, Whangarei

1 Apirana Avenue, Regent

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