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Positioned at the northern entrance to the thriving Kerikeri CBD, this exceptional freehold property offers an opportunity for Home and Income, or an investment proposition with an appraised rental income $101,400. Set on a generous 2,021m² of land with excellent road frontage on Kerikeri Road, the property includes three residential dwellings and a studio apartment. With a total floor area of 440m² (approx.), the property is zoned Residential under the current Far North District Council and as Mixed Use under the Proposed District Plan, allowing flexibility for future development or conversion, such as a boutique motel or commercial/residential hybrid use. Council is actively promoting intensification within the Kerikeri CBD, making this a compelling investment for those looking to capitalise on Kerikeri’s continued growth. The property is currently configured as: · Main House – 2 Bedrooms, 1 Office, 2 Bathrooms (previously 2 units, extensively renovated in 2021 into 1 large house) · House 2 – 3 Bedrooms, 1 Bathroom · Cottage – 2 Bedrooms, 1 Bathroom · Studio – Bedroom and living areas combined KEY FEATURES: · Freehold land area: 2,021m² (more or less) · Four separate dwellings – ideal for multi-tenancy or redevelopment · High-profile location with excellent exposure to traffic · Previously a small motel complex For Sale $1,595,000 + GST (if any) Viewings by appointment only. For more information or to view, contact us now.