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The existing low maintenance 177sqm (more or less) two story three bedroom home sits at the front of the sub dividable (with consent) 1191 sqm (more or less) section with views of the amazing Lorenzen Bay at the end of the street. Built on the 1990's, the lower half being brick and the upper with weather board, aluminium joinery and a very tidy interior which has barely been lived in. Downstairs - kitchen, living, dining and a generous sized lounge with an Internal access garage which could be converted to make further bedrooms. Upstairs - three bedrooms, the master has a balcony overlooking Lorenzen Bay, bathroom/ toilet. Value can be easily added to this home with some basic cosmetic touch ups.
The rear section has a beautiful bush background and access is on the southern side of the property. A secondary minimum lot size is 450m2 (more or less) NET (so excluding access) . Any subdivision application would need to be supported by a subdivision scheme plan (also showing how all amenity standards for the existing dwelling could be maintained/achieved), geotechnical report, probably a three waters report to confirm how wastewater, storm water and water will be disposed of /made available. If not subdividing, you could add a second dwelling (needs Resource consent too) or could add a minor unit (less than 70m2) on the site as it is.
This is a sought-after area for home owners and holiday makers as Lorenzen Bay is tucked away from the busy Raglan Hub with its own private bay. Kids can swim safely, and you can launch your boat or kayak in the Bay meters away and be catching the family some fresh snapper in less than two minutes. Or you can make your way around the scenic coast to Raglan Hub, where you grab a famous Raglan Roast coffee, have a chat to the friendly locals, grab some locally produced food and beverages, then slowly drift your way back home, catching dinner on the way.
The properties can be used by the home owners as a permanent residence, holiday homes or rented for short longer terms with great which will provide great returns. See the attached rental appraisals for details.
Lorenzen Bay is less than a five- minute drive to the Raglan Hub, 10 minutes to world famous surf breaks and a short drive to Hamilton.