54A Kapiti Road, Paraparaumu, Kapiti Coast

SOLD TOGETHER OR SEPARATELY

Two adjoining properties on two adjoining titles. Opportunities like this don't come around often so here's your chance to own some real estate brimming with potential.

Two x two bedroom 1970's dwellings on cross lease titles, one has a separate single garage and the other a carport. The current tenants with periodic tenancies in place have been given notice to vacate.
These properties are located on the key arterial route of Kapiti Road linking the current SH1 and Paraparaumu Beach.

There are a large number of commercial operators within the immediate vicinity, including the neighbouring property.. Located within 500m (approx.) of the site is the main transport hub for the region comprising commuter bus and train connections. In addition, the well-established 80 shop Coastlands Shopping town is an easy walk from the properties.
The Kapiti Coast is undergoing a number of significant roading projects, one of which is the new Kapiti Expressway. The road will replace the current SH1 and is proposed to be completed late 2016 early 2017. The interchange of this road is approx 500m along Kapiti Road to the west of the properties.

Here are your options: Do up and re-let either on a commercial or residential basis. Do up and on sell, either to residential or commercial purchasers. Explore the possibility of commercial development as these properties are located within the Outer Business Zoning in the proposed new District Plan.

No matter which way you look at it, there's a world of possibilities. We recommend you explore your options and grab this bit of uniqueness with both hands.

Tender Closes 12.00pm Friday 9th December 2016 (Unless sold prior)