ID #213260

Prime City Property - A Deceased Estate...

Owning this 1483m2 of Tauranga waterfront will allow you to maximize your income while you hold one of the prime properties in the city.

Those following the market will be well aware that now is the time to buy. Having the resources to acquire acutely located property repays you with confidence that you will reap the benefits later.

236 Devonport Road is one such property. The substantial solid red brick dwelling is in three separate flats. The two nearest the road are both one bedroom homes. The one facing the view is more expansive and definitely the one you'd choose to live in if you wanted the advantage of a home, two incomes and a stunning outlook to wake up to.

Native timber floors gleam in every room of a home that has seen better days but sports a modern kitchen with a stainless steel bench and an efficient gas fire in the lounge. Dining, living and the front bedroom all link a large tiled conservatory, obviously a later addition but one that opens the entire front of the house to the views.

The location combines the peace and tranquility of waterfront where you walk to the bottom of the garden for a kayak or a swim and watch rowers and dolphins gliding past, with the convenience of having the CBD just a few blocks along the street.

Professionals may recognize in this dwelling an opportunity for consulting rooms or offices (subject to resource consent) on a property with future development options.

Avenues lovers and people, often locals, who fully appreciate the superb lifestyle afforded here, will see an opportunity to create an exceptional city home by way of major renovation or complete rebuild.

Meanwhile the property delivers an income stream (assessment available includes rent on the two tenanted flats) while you build it into your plans for the future.

In an uncertain financial climate there is nothing like prime land. You can bank on it!

In Brief: 1483m2, waterfront, street front, single title, three dwellings; (i) single bedroom flat, (ii) single bedroom flat, (iii) three bedroom dwelling, four carports, brick exterior, tile roof, zoning Residential A.

Legal Description: Lot 1 DPS 24029
Capital Valuation: $1,531,000 (2006) $1,313,000 (2009)
Land Valuation: $1,440,000 (2006) $1,220,000 (2009)
Rates: $5,138.88
Exterior Construction: Mainly brick
Roof: Concrete tile
Joinery: Wood
House Style: Three flats
Section Area: 1483m2
Age: Origins 1950
Aspect: Easterly
Bedrooms: i) One bedroom flat
ii) One bedroom flat
iii) Three bedroom flat
Water Heating: Electric
Garaging: Four carports
Chattels: Nil
Shops: CBD 500m

Auction Details

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Open Homes:

Date:	Start:	End:
Sunday, 22 November 2009 (about 18 hours away) Add to your calendar!	11:00 AM	11:45 AM

Sales Consultants:

Ray Lees - Bayleys Tauranga - Success Reaty Ltd MREINZ
Licensed (Real Estate Agents Act 2008)

Phone:	+64 7 576 1046
Mobile:	+64 274 728 214
Email:	ray.lees@bayleys.co.nz
Website:	http://www.bayleys.co.nz/Tauranga
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Linda Lees - Bayleys Tauranga - Success Realty Ltd MREINZ
Licensed (Real Estate Agents Act 2008)

Phone:	+64 7 571 4678
Mobile:	+64 272 770 722
Email:	linda.lees@bayleys.co.nz
Website:	http://www.bayleys.co.nz/Tauranga
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