The property includes a garage/sleepout of 96sq m with a toilet and shower. It has been used for additional holiday accommodation but could easily be converted to offices. The back of property is fully fenced and has sealed access with ample room for a caravan or boat.
Savery says the apartment was let over summer on a casual basis for as much as $500 a night and for $350 in winter. 'The vacant shop on the ground floor is in a perfect prime beachfront location and could be remodelled into a cafe or restaurant," Savery says. "There is no cafe or restaurant at this end of the beach."
The property would make an ideal home with income for an owner who could live upstairs, refurbishing the top apartment while drawing rent from the downstairs retail space.
"Because it offers such magnificent ocean views, the property would be a great holiday home and eatery.
"The upstairs residential already generates considerable income over both the summer and winter months on a casual nightly basis and is popular for its location right on the beach.
"An owner could watch the surfers from the enclosed deck upstairs or watch their children swim between the flags just metres away."
Outdoor living is provided by a courtyard that comes with barbecue and dining facilities.
Savery says another option would be to level the site altogether and redevelop it into a mix of commercial and residential, perhaps townhouses and retail.
Two doors down the road, the second property for sale at No8 Beach Rd was Waihi Beach's original cinema building but is now leased to a small surf board manufacturing workshop on a monthly rental basis.
The original 1930s building was constructed as a dancehall and was converted to a cinema in 1962. It has also accommodated a takeaway bar in the past.
The 559sq m site adjacent to the Waihi Beach Surf Club is being marketed with potential for redevelopment while having a holding income of about $15,000 a year
Savery says the building would probably need demolishing and redeveloping.
Options include both residential and commercial as it is under the same Commercial A zoning.
New development is already under way at Waihi Beach with Auckland's Hip Group of restaurants having just refurbished the 1967-built Waihi Beach Hotel at a considerable cost for a new eatery. There are further plans to build a creamery at the site.
The award-winning Hip stable includes Auckland establishments Takapuna Beach Cafe & Store, St Heliers Bay Cafe & Bistro, Rosehip Cafe (Parnell), Richmond Road Cafe, Cafe on Kohi, Store and Bar, Provenance Matua Valley, and three in the Britomart Precinct.
The revamped Waihi Beach Hotel Eatery & Store opened in December.
Waihi Beach is a 9km white-sand beach that is one of the safest in the country.
What's on offer
The property: Two freehold beachfront sites.
Address: 4 and 8 Beach Rd, Waihi.
Agency: NAI Harcourts, Henderson.
Sales method: For auction on March 22.
Features:
*Perfect beachfront location.
*Suitable for commercial redevelopment.
*Generating holding income.
*Ideal for home and income business.
