1A Oruru Road, Taipa
Also 562 State Highway 10Far North District
Negotiation
- 570m²
- Retail
MULTI-TENANTED DIVERSE INVESTMENT
Ideal multi-tenanted investment, providing a diverse income stream from both Residential and Commercial tenants located on State Highway 10, in the scenic Doubtless Bay in Northland.
The property is strategically located at the Corner of State Highway 10 and Oruru Rd, offering excellent branding opportunities for retail tenants, with high daily traffic on State Highway 10, additionally the property benefits from the 2 residential units overlooking the Taipa Estuary, ensuring a continuance of rental incomes from the property.
The breakdown of the tenancies are - Commercial building being 3 separate tenancies: Taipa Tackle Shop, Doubtless Bay Law and a Hairdresser with a total annual net return for the commercial portion of $47,364 plus GST; Two very tidy self-contained residential units are currently property managed, with one rented at $498 pw and the other unit at $500 pw, providing a combined income of $998 per week.
With a land area of 1372 sq m (more or less) contained on a Freehold Title, this property provides an investor with surety from the multiple income streams generated by the commercial and residential tenants. The Commercial building provides a total net lettable area of 466.52 sq m (approximately), each Residential unit being 62 sq m (approx.) plus decks, providing a split-risk investment that is hard to beat.
Ideally located in the Taipa Business Hub, with an array of surrounding businesses such as Z Service Station, Café, Superette, Tavern, to name a few. Taipa Area School is within easy walking distance from the property, as is The Taipa Resort. With local boat launching facilities close by, and overlooking the Taipa Estuary leading to Doubtless Bay, this property really does offer an outstanding and iconic location.
Zoned Commercial, under the Far North District Council's Operative Plan, the zone incorporates the existing commercial areas of the district and is intended to retain the style and atmosphere of the commercial district.
These quality multi-tenanted investments are few and far between - particularly with both the residential and commercial mix.
What you’ll love about this place
- Waterfront: the land comes within 20 m of the coast
From LINZ's topographic maps: how near the land comes to the water's edge.
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Home expense estimates
Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.
Property data
- Land area1,372 m²
- Property categoryUse not published
- CouncilFar North District
- Valuation #83-89003
From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.
Title and land
Order a title record- Title numberNA119C/420
- Title typeFreehold
- Legal descriptionLot 3 Deposited Plan 189809
- Addresses on this property5
Owner names and the parties to each instrument are not published on this page. Order the record of title to see them.
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Building consents
We hold no building consents for this property yet. The council may hold records we have not seen.
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Zoning and hazards
What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.
Reading the council's maps…
What could you build here?
See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.
About Taipa
Counts describe the records we hold for this territorial authority, not a market forecast. OwnBetter has no estimate for this property. Every council figure on this page can be checked against the council's own record.
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