167-185 Parkhurst Road

FOR SALE

167 - 185 Parkhurst Road, Parakai, 0830

With 3 freehold titles totalling 11,439m², this property offers unique Neighbourhood Centre zoning for both commercial and residential use. The standout feature is undoubtedly the exclusive rights to natural geothermal water extracted beneath Parakai. Auckland Regional Council water permit under application allows daily extraction of 28 cubic meters.

Business Town Centre zoning allows for up to 3-story structures, offering endless possibilities for retail, office, and residential spaces. This zoning is ideal for investors and developers as it allows for future development and expansion possibilities. Nestled in Parakai, this 1.1440-hectare gem offers a range of investment and development opportunities. Currently businesses operating are restaurant, wholesale liquor outlet, thermal complex, retail premises, and an accommodation building of 13 Flats, 9 cabins, and 3 Caravans.

Perfect for investors and developers, the property boasts a substantial rental income exceeding approx. Current tenants (which can be vacated to allow future development opportunities) are currently paying approximately $300,000 annually, with potential for even greater returns. Seize this once-in-a-lifetime opportunity to secure your stake in a property that combines land, water rights, and business potential!

Key Features:

3 Freehold titles, 11,439m² total land area.
Neighbourhood Centre zoning allowing for commercial and residential use.
Exclusive rights to natural geothermal water extraction.
Business Town Centre zoning allows for up to 3-story structures.
Diverse income stream with multiple tenants: generating approx. $300,000 income p.a.
Unique opportunity to develop, invest or land bank.
Further information such as LIM report, Information Memorandum is available upon request.

Rare Geothermal Business & Development Opportunity!

FEATURES & AMENITIES

INTERIOR

EXTERIOR

TOTAL BEDROOMS

TOTAL BATHROOMS

FLOOR AREA

PARKING

FLOORING

DECK

EXTERNAL WALLS

ROOFING

AREA & LOT

FINANCIAL & LEGAL

1130 sqm

Concrete with Carpet & Vinyl

OTHER FEATURES

Open plan dining, 8 double bedrooms, 3 single bedrooms, bar, restaurant, charming vintage design exudes warmth & character, 10+ stoves, light fittings, communal shower, kitchen, toilet and laundry.

FIREPLACE

Yes

40+ off-street parking

Brick

Mixed Materials: Iron, Tile Profile

STATUS

LAND AREA

OTHER FEATURES

Multiple pools, outdoor seating & dining areas, partially fenced, 40+ parking, restaurant, wholesale liquor complex, thermal complex, retail premises, accomodation building with 13 flats, 9 cabins and 3 caravans, abstraction of natural geothermal water up to 28 cubic metres, tank water, wide road frontage.

11,439 SQM - 1.14 Hectares

For Sale

TITLE

Freehold

ZONING/UNITARY PlAN

Zone 44 Business - Neighbourhood Centre Zone

YEAR OF CONSTRUCTION

1950's

CONTOUR

Level

VIEW DESCRIPTION

Rural, Local, Natural