Prime Waterfront Retail in Tourist Mecca
68, Marsden Road and 9 Williams Road, Paihia, Far North
- Proposed Usage
- Floor Area
- 1139.00 m²
- Land Area
- 476.00 m²
- Property ID
- Two prime standalone buildings returning net $330,613 and $354,015pa + GST respectively, total $$684,628pa + GST
- Split-risk investment of 14 tenancies (seven per building) - an excellent mix of retail and service
- Exceptional corner site right on the waterfront - arguably the top location in the town!
- Three purchasing options: 68 Marsden Road, 9 Williams Road, or both together
A unique opportunity of two standalone sites on two separate titles, look no further for a long term investment with add value/development potential. With a wide frontage along both Williams Road and Marsden, this prime corner location receives outstanding exposure in the heart of the town centre - right on the waterfront and across from the ferry terminal.
Paihia is a popular strategic tourist town in the heart of the Bay of Islands in the Northland region. The town has an established range of accommodation, eateries and tours, and is an key contributor to the estimated $936m spent by local and overseas tourists in the Northland economy in 2016 - an increase of 6% from the previous year. Fifty one cruise ship arrivals are expected in the 2016/17 season, estimated to bring close to 95,000 individual visitors to Paihia.
This opportunity ticks all the boxes - high profile corner site, prime waterfront location, plus a fully leased split risk investment on a sizeable land site.