House For Sale in Te Puke, Western Bay of Plenty, Bay Of Plenty | For Bay Of Plenty Real Estate, Choose Eves
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Western Bay of Plenty, Te Puke 4 Cannell Farm Drive

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  • 5
  • 4
  • 2
  • 4

Development Gold with Flexible Income Streams

This 1.7463 hectares (MOL) landholding has resource consent for a 6-section subdivision less than 1km from Te Puke town centre. Nudging established and newly developed residential neighbourhoods the property's original homestead will be retained on a smaller yet still significant block along with its two ancillary income bearing dwellings. These and the A-frame three storey homestead currently yield approximately $60k pa and could be maintained as the subdivision project moves towards completion. The 550sqm to 660sqm approx. sites are ideal for the construction of family homes for those looking to live a semi-rural lifestyle. For developers and land bankers looking for the next investment this is a golden opportunity.

The rustic brick five-bedroom home has tranquil views, especially spectacular when viewed from the colossal first floor balcony accessed from the large open plan living areas. A modern kitchen includes plenty of cabinetry and stainless-steel appliances. The timber dominated interior incorporates raked ceilings, walls, and bulkheads with stairs up to the mezzanine floor where bedrooms including the master share wonderful views and two bathrooms. A ground floor internal access double garage sits alongside abundant workshop storage with plenty of parking outside for boat and campervan. The cabin and larger one bedroom cottage with modern bathroom offer well equipped accommodation for Air BNB, extra family members or paying boarders.

So close to centre of Te Puke and all the shopping, cafes, services, and family-friendly events this vibrant little town is admired for. In zone for Fairhaven School and close to Te Puke Intermediate and High School, this exceptional rural property with potential is a fast-vanishing asset in provincial Bay of Plenty.

Property ID:

ETL11011

Legal Description:

Lot 4, 307368

Year Built*:

2002

Exterior Construction:

Mixed

Roof:

Coloursteel, Longrun

Joinery:

Aluminium

Land Area:

17,463 square metres (approx)

House Area*:

300 square metres (approx)

Bedrooms:

5

Garaging:

4

Chattels:

Fixed Floor Coverings, Curtains, Light Fittings, TV Aerial, Auto Garage Door Opener x1, Auto Garage Door Remote x1, Garden Shed x1, Heated Towel Rail x1 (as is where is), Stove - Freestanding Gas, Stove - Freestanding Electric, Refrigerator

 

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

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