Vacant Building with Rental Cottage - Arorangi, Cook Islands
Discover a unique opportunity in Arorangi, where two prime real estate properties are now available for sale under the status of ‘Mortgagee in Possession.’
Property Details:
Arerenga Pt Section: 875 sqm
Arerenga Section : 1,388 sqm(foreshore)
Spanning a total of 2,263 square meters, this property offers immense potential for development, ranging from residential to commercial use.
The expansive vacant roadside building was previously utilized as a warehouse and retail outlet, providing a great foundation for new business initiatives. It features separate accommodation with its own private entry, allowing for autonomy and privacy.
Accompanying this building is a two-story building that has been used for tourism accommodation, increasing the versatility of the property. This presents an excellent opportunity for both home and income generation, making it ideal for anyone seeking to invest in the beautiful Cook Islands.
Whether you’re looking to develop a commercial space, create a family home, or tap into the thriving rental market, this property offers endless possibilities. Seize this opportunity to own a piece of idyllic real estate in a sought-after location.
Property Details
Size 2,263 sqm in total
Village Front road Arorangi
Property ID (1) Arerenga Pt Section – 875m²
(2)Arerenga Section 1 – 1,388m² foreshore
Usages Residential and commercial
Viewings By arrangement
Lease Period Sect 1 = 38 years : Sect 2 = 40 years
Asking Price P.O.A
This property is being sold as
‘Mortgagee in Possession’