1016 Temuka - Orari Highway, Orari, Geraldine
$499,000 + GST (if any)
3
1
2
+18
+17
Unique Orari opportunity – Priced below valuation!
My vendors have made a sharp price adjustment, so now is the time to act! Purchase as a home and income opportunity, where the commercial lease provides an income stream, or - Purchase as an investment property, receiving income from the commercial lease and renting out the dwelling – which would suit a range of tenants such as farm staff, downsizers, young couples, or families. The choice is yours! Approximately 75% of the 2,233m2 flat section comprises of an approximately 166m2 commercial building in good condition with a large retail area, office space, kitchen and toilet facilities. It has its own vehicle access off State Highway 1, a large storage yard, an existing lease in place with one more right of renewal, and is well located across from Mes Amis Cafe and Ikon Machinery in Orari, with good traffic flow. The balance of the area comprises of an approximately 80m2 three double bedroom, one bathroom 1970's ex-Twizel house, relocated in the 1990's. The tidy home has a functional kitchen/dining area that opens out to the lounge with log burner, heat pump and heat transfer system. All bedrooms have built in wardrobes, there is a modernised bathroom with an adjoining separate toilet, and a separate laundry area with external access. The house is set back and screened visually from the roadside commercial frontage by a large hedge that also buffers road noise, helping to create a private hideaway. It has its own vehicle entrance and access to an approximately 72m2 double garage (shared with leasee) with workshop and attached storage area. The dwelling is now vacant and available for immediate possession. The property has 2 Units of Orari Water held in a 2,000 litre tank and is on its own septic tank. Opportunities like this are extremely rare, so call Anna to arrange your private viewing!
Chattels
1016 Temuka - Orari Highway, Orari, Geraldine
Web ID
GEU201406
Floor area
250m2
Land area
2,233m2
District rates
$4,744.20pa
LV
$135,000
RV
$415,000
3
1
2
$499,000 + GST (if any)
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