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JT051 - Rarotonga Commercial Building

Rarotonga, Cook Islands, Cook Islands Featured Report

 Description

Unique opportunity to acquire prime leasehold land with commercial building opposite Rarotonga International Airport!
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Kids 'n' Action Commercial Building

Highly regarded site with retail, commercial & residential space over two sections selling with 60-year lease!​

 

Two quarter-acre leasehold plots known as Areanu Sections 207 equivalent to 2,219sqm combined, with freestanding 2-level building of approx. 800sqm of commercial & retail space is up for sale.

Superbly located across from Rarotonga's International Airport, the international gateway of the Cook Islands. A highly regarded site along the busy principal road to downtown Avarua, offering great visibility, high foot & vehicle traffic, and ample off-street parking.

Both leasehold plots currently have a ground lease term of 20-years remaining, with possibility of sale at a full 60-year term.

Known as Kids 'N' Action, the building offers a total surface area of approx 800sqm, including 3 ground-floor shops facing the main road (44sqm, 43sqm and 90sqm) with WC (7sqm); a modern apartment residence occupying the upstairs office space of 188sqm above the 3 tenanted shops; and 2 large industrial units of 198sqm and 399sqm (each with WC facilities) on the seaward section.  Impressive coastal ocean views can be enjoyed from the side and rear.

The upstairs space can easily be rented as 3 individual offices on one wing with a common reception area and bathroom, and a large open plan showroom on the other wing with open modern design kitchen, bathroom and laundry facilities, and 2 large storerooms.

An excellent turn-key investment opportunity for the right buyer.

 

Email us NOW at Jeff Tikitau Real Estate for further details!

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