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Downtown Development - Mt Maunganui Auction 27th February

Mt Maunganui 3 Shadelands Lane
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Property ID: EMT3803
Auction From 1.00pm 27th February, 247 Cameron Road, Tauranga (unless sold prior)

Investor alert! Claiming the perfect situation - literally in the heart of downtown Mount Maunganui and boasting big views of the Mount - is this property that is screaming with potential. Zoned for high density housing, make the most of the site by bowling it and building multiple dwellings. Alternatively, the property could be a great land bank site whilst offering a healthy holding income - just give it some love and rent out. With three independent spaces, there is the potential for three rental streams all under one roof. And sitting a block behind the popular shops and restaurants of the Mount make it a popular choice for those who love living within the hustle and bustle. To relax, Mount Drury, the popular surf beach, Pilot Bay and Mount are also mere moments away.

Legal Description:

Lot 2, DP382993

Land Valuation:

$1,240,000

Capital Valuation:

$1,520,000

Capital Valuation Date:

1/7/2018

Year Built*:

1988

Rates:

$4,582 approx per annum

Exterior Construction:

Fibre Cement Painted

Roof:

Longrun

Joinery:

Aluminium

Land Area:

272 square metres (approx)

House Area*:

125 square metres (approx)

Bedrooms:

4

Chattels:

Fixed Floor Coverings, Blinds, Curtains, Light Fittings, Dishwasher, Electric Hob, Under Bench Oven, Waste Disposal Unit.

 

*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.