Property ID: JT051
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 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.
Rarotonga International Airport, the gateway of the Cook Islands, is located on the outskirts of Avarua main town in the north of the island of Rarotonga. Situated in the area known as Panama, just 3 minutes drive along with front coastal road from downtown Avarua.
Avarua is the busy commercial centre of Rarotonga, the national capital of the Cook Islands. In downtown Avarua you will find a hub of stores and businesses including banks (ANZ, BCI, BSP), supermarkets (Foodland and CITC), Energy Centre petrol station, CITC main department store and Vonnia and Raro Mart warehouses, Police Station, Post Office, Courthouse, Empire Theatre Cinema, and the largest Saturday market on the island ‘Punanga Nui’ near the commercial port at Avatiu Harbour.
Conveniently located directly opposite Rarotonga International Airport is Kids ‘N’ Action building, found in-between Rarotonga Rentals car hire agency on the western boundary and Cook Islands Returned Serviceman Association (RSA) Club within 10 metres of the eastern boundary. In addition, 3-star Islander Hotel & Bar is amongst a handful of other businesses and outlets found dotted along the front coastal road in the surrounding area.
Your Cook Islands Real Estate Specialists
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