Once in a lifetime opportunity!
2, Wallis Street, Raglan, Waikato
- Proposed Usage
- Development Site
- Floor Area
- 480.00 m²
- Property ID
Asking price plus GST (if any).
Prime Raglan waterfront property, currently in five tenancies giving safety in numbers here for a commercial development.
The main tenant is Orca Restaurant and Bar, world famous in Raglan, New Zealand's surfing mecca.
This prominent waterfront location is situated at the end of Bow Street, Raglan's Main Street, and is a natural focal point at the water edge. The corner site has frontages to both Wallis and Cliff Street and has extensive uninterrupted harbour views both across the harbour and out to the Raglan bar.
What was originally the focal point of Raglan's night life 'the Centennial Milk Bar and Caberet' is now the well known main tenant the Orca Restaurant and Bar.
Orca was substantially renovated in 2008 and includes a substantial deck with outdoor dining that overlooks the harbour, as well as bar area and dining with harbour and main street views.
There are four small character shops with frontage to Wallis street and direct access to the main street, these include a flower shop, a tattooist, a book shop, and a barber. The tattooist includes a small one bedroom upstairs apartment. In front of the complex there are a good number of carparks, and a large overhanging Pohutukawa tree.
The buildings are of solid construction with the potential for additional apartments to be built on top. The existing owners originally had preliminary plans concepts drawn for a three level development with six ground floor tenancies and six apartments, however priorities have changed.