Waterfront Icon - Great back-pocket investment

Property listing ID: 938553

Bedrooms
3
Bathrooms
1
Garage
2
Covered parks
2
Land area
981m²
Price / method
$850,000 Plus GST (if any)

That's right - a Port Waikato Icon on offer here. The tightly held wharf store (plus a three-bedroom dwelling) sitting on 981m2 of freehold, waterfront land. 1) Wharf Store Circa 1950's style commercial building approx 44 m2 in size. Post Shop, takeaways plus all the essentials. It's the only store serving the community and surrounds. 2) Separate kitchen/takeaway pod This counter-serve pod, complete with a deck and seating, is all set up and ready to open for the summer. 3) House At the rear of the shop is a two-level, 1970s three-bedroom, one-bathroom home with open plan kitchen & living. Stunning water views up and down the river. A full 95m2 basement area underneath is used for storing all the shop goods. It also includes a 2nd toilet. All very liveable, but the potential is obvious to take the house to the next level if desired? The sale is for the land & buildings only. The sale price is $850,000 plus gst/(if any). It's all currently leased until 20/4/2031 for $52,000 + outgoings per annum. With 3 rights of renewal for 5 years each if exercised. This really is such a great back pocket investment with future lifestyle/home & income opportunities. Commercial opportunities are tightly held in this area. Port Waikato is such a cool, laid back community circa 90km from Auckland. Call me (your local, resident agent) for the tour ASAP. I've lived in this magical place for 23 years and counting. Early Beginnings and Evolution of the Store 1893 Establishment: Founded as a modest trading post near the active river port when shipping and local industries were booming. Original Location: The very first iteration of the shop operated closer to the wharf as a small tin shack selling basic supplies like oil and gear to mariners. Relocation: Over the years, the store moved slightly up to its current position near the main petrol pump area (now not operational) on Tuakau Bridge-Port Waikato Road.

Listed by Barfoot & Thompson , Bruce Murtagh (Papakura)