An opportunity to own a trophy property like no other in New Zealand with real 'wow' factor! The attention to detail in remodeling this iconic Raglan landmark has to be seen to be believed with modern finishes but an industrial feel.
Two 1960's cement silos have been converted into five high end luxury apartments. The main three bedroom apartment boasts two bathrooms, open plan 185m2 living and is home to the current owner. The other four 70m2 (approx) apartments are beautifully appointed and with amazing views of the Raglan Harbour. These are tenanted as a very lucrative holiday accommodation business. The four apartments are finished to a very high standard with a mixture of polished timber and polished concrete floors, with their own private decks or courtyards, and tastefully decorated and furnished.
There is the opportunity to further develop this property with room for another four apartments above the main apartment and the possibility to convert the upper level of the garage to office / retail space. Rental income could also be increased if you were to rent out the 185m2 apartment currently lived in by the owner.
The silos are located near the Raglan wharf with cafes, restaurants, shopping and a boat ramp literally on your door step. The silos are on Raglan Harbour board lease land with a 21 year perpetually renewable term. Get a group of friends or family together and you could own a deluxe water front property each for under $400k. Rare opportunity for the astute purchaser!
For more information or to make an appointment to view this seriously for sale and seriously special property, phone Richard today! Plus GST (if any)