Premier development opportunity


1134 Purangi Road, Whitianga

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Premier development opportunity | 1134 Purangi Road, Whitianga | 2312878 |      X Close
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Premier development opportunity


β€’ Coastal Living Zone - allowing for commercial and residential activity

β€’ Ferry Landing/Front Beach location

β€’ Stable holding income - $21,000 pa + GST/OPEX

β€’ Substantial development opportunity

Located in one of the Coromandel's premier locations, 1134 Purangi Road, offers a hybrid of Ferry Landing and Front Beach. Arguably one of the most limited markets available to purchasers looking to own property in the eastern seaboard of the Coromandel Peninsula. Significant work has been completed on the property and is now ready for the new purchaser to take it to the next level.

Understanding the future development opportunity is key to this large 1,097sqm (more or less) site, one could build at the rear or redevelop utilising the full-length easement allowing access to potentially multiple dwellings in a multi-level townhouses subject to regulatory requirements taking advantage of this prime location.

Currently leased offering a holding income the popular location attracts visitors from neighbouring Whitianga with a quick ferry ride and is and easy commute from Cooks Beach, Hahei, & Hot water beach.

Josh Smith

Hamilton

Licensed under the REA Act 2008

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Belinda Sammons

Whitianga

Licensed under the REA Act 2008

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1134 Purangi Road, Whitianga

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Josh Smith

Hamilton

Licensed under the REA Act 2008

View profile

Belinda Sammons

Whitianga

Licensed under the REA Act 2008

View profile