70 Beach Road, Kaikoura, Kaikoura

Prime redevelopment opportunity

Located along busy State Highway 1, this property is ideally positioned within the main commercial area of Kaikoura. The surrounding area is teeming with diverse businesses, including service stations, rural support service businesses, fast food outlets, machinery suppliers, and accommodation.
The substantial 565sqm building, together with the generous freehold lot, offers a great opportunity for retail, warehousing and distribution, or even conversion to suit specific business needs. The wide street frontage is complemented by dual entry, roller door access to the warehouse and plenty of room to maneuver a forklift. To the rear of the property is a good sized yard and four roller doors providing further access to warehousing/workshop areas.
Leased to national tenant, Farmlands, until September 2025, a guaranteed holding income is secured while planning the future of this highly desirable site. Complete the structural works to bring the building to over a 67% NBS, and reap the benefits of this tightly held strategic location for years to come.