Once in a lifetime development opportunity


12-14 Wallis Street, Raglan

By Negotiation

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Once in a lifetime development opportunity | 12-14 Wallis Street, Raglan | 2312243 |      X Close
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Once in a lifetime development opportunity


Don't miss this extremely rare opportunity to secure a large parcel of commercial development land within Raglan's tightly held town centre.

Zoned Business under the Waikato District Council operative and proposed district plans, the sites allow for a diverse range of development, including commercial, residential dwellings and mixed-use activity (subject to town planning and consents).

Currently enjoying a total income of $94,487.91 +GST p/a (includes some unrecovered opex) of holding income from ten (primarily health based) tenants on short term leases, on offer is 2,199sqm (more or less) of land across several titles.

Thanks to its lifestyle appeal, Raglan is enjoying a significant period of growth, having become highly desirable to holiday makers/tourists, those who commute to Hamilton for work (or work from home), as well as retires.

Situated in the heart of this booming coastal town, there's opportunity here to purchase the following properties together or individually.

Currently under offer:

12 Wallis St

• Floor area - 280sqm (approx.)

• Land area - 1,061sqm (more or less)

• Currently returning a total income of $64,941.61 +GST p/a (includes some unrecovered opex)

14 Wallis St

• Floor area - 200sqm (approx.)

• Land area - 1,138sqm (more or less)

• Currently returninga total income of $29,546.30 +GST p/a (includes some unrecovered opex)

Graham Rope

Hamilton

Licensed under the REA Act 2008

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Jordan Metcalfe

Hamilton

Licensed under the REA Act 2008

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12-14 Wallis Street, Raglan

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Graham Rope

Hamilton

Licensed under the REA Act 2008

View profile

Jordan Metcalfe

Hamilton

Licensed under the REA Act 2008

View profile