19 York Street, Russell

This trophy property in the heart of Russell offers a prime commercial development opportunity in the very centre of this vibrant, renowned, historic town. Just metres away from the waterfront, it is the single largest property with commercial zoning. The expansive 2,659 square metre block contains some of the town's most prominent retail and hospitality businesses including a restaurant, cafe, clothing shop, the Nauti Penguin tavern and an apartment. This diverse tenancy mix is currently returning an excellent holding income. This well situated property, just across the road from the famous and recently rejuvenated Duke of Marlborough Hotel, lends itself to a boutique 5 star hotel, exclusive apartment complex or intensification of the existing retail. The site's central location and corner position with dual road frontages with a third entry at the rear, provides excellent accessibility, making it ideal for a wide range of redevelopment options. The land is zoned for commercial use and therefore benefits by being within the busy town centre's historic precinct. As one of the country's most historic towns, Russell holds a special place in New Zealand's past. Known as Kororareka in its early days, it was New Zealand's first European settlement and seaport. The iconic Duke of Marlborough Hotel, New Zealand's first licensed establishment, stands proudly here. The town is also home to Flagstaff Hill, where Hone Heke infamously cut down the flagpole. Only 8km from Russell, you'll find Okiato, New Zealand's original capital. An active community, Russell plays host to numerous events including the Auckland to Russell sailing race, the Coastal Classic and the Bay of Island's Walking Weekend. A hugely popular holiday destination for New Zealanders and international tourists alike, Russell has become a mecca for worldwide travellers looking for Paradise. Noted for its history, charm, beaches and beauty weather via the 66 cruise ships or in leased camper vans, Russell has become the hub of Northland. Unique within this environment is a rare commercial holding brimming with possibilities. Don't miss your chance to explore this exceptional flagship property. To learn more about the development potential of this site please contact the agent for Bulk and Location plans. Artist's impression image is a concept design only. Contact us today to arrange a viewing and envision the future of 19 York Street. ...