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Listed 3 months ago

ID#569786

1 & 2/30 Oxford Terrace,

Cheltenham

North Shore
PBN
6
4
4
Approx
420
(≈4,520.84 sq.ft.)
Approx
1,219
(≈13,121.19 sq.ft.)

Beachfront Two Homes, Two Titles - Unrivalled Redevelopment Opportunity!

1/30 and 2/30 OXFORD TERRACE, CHELTENHAM

Precision Real Estate is excited to present to the market this exceptional beachfront opportunity on highly sought-after Cheltenham Beach. Situated on an absolute prime, large beachfront site offering 1,219m2 of land the opportunity comprises of two stand-alone dwellings with two separate titles. Both homes were built in the 1980s but will require remedial works or full replacement if one so desires. This presents a rare and unique prospect for the area as neither house is constrained by heritage rules which allows for them to be demolished. This enables you to start from a blank canvas almost unheard of in Cheltenham. There are a number of potential options for purchasers to consider.

1. Keep the existing homes, occupying one and use the other for extended family, or as a rental/investment property.

2. Renovate the existing houses and land bank for capital gain.

3. Neither house is constrained by heritage rules. One could demolish the existing houses and build one magnificent home across the two sites. The current homes could provide some holding income for the purchasers in the interim.

Superbly located the property offers direct beach access, proximity to local shops and cafes in Cheltenham as well as being a short walk to central Devonport and ferry services.

If you have been looking to build your dream home on beachfront this is an opportunity not to be missed.

The Land Value component of the 2021 Capital Value is $8,750,000.

(Advertised Open Homes Are for the Beachfront Home Only)

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Agent

Andrew Dorreen

Precision Real Estate MREINZ

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

Andrew specialises in marketing homes on the Golden Mile between Milford and Takapuna and around the waterfront - both the sea and Lake Pupuke. He sees these areas as some of the finest real estate in the country, with always a strong demand for properties right across the price range.

In the last six consecutive calendar years, Andrew has sold over $100 million each year, at an average of $4,530,000 - one of the highest residentially in the Country. He holds the highest ever recorded sales in both Milford and Takapuna as well as Campbells Bay Beach, Campbells Bay Clifftop and Stanley Point (for a non-waterfront property). Andrew seldom accepts listings outside his speciality area and only does so if he genuinely believes he's the best person for the job.

Due to the number of clients who request confidentiality, he does a significant amount of business ‘off the market’. There have been many homes he has sold without the neighbours being aware. At the top end, there are large differences in where buyers see the value of property, he says, so he prefers to negotiate each transaction face to face, rather than selling by auction where there are risks when fewer people are in a cash unconditional position. Whilst he is renowned for dealing with higher-value properties, Andrew has also carved a niche within the seaward side streets in and around Milford and Takapuna, especially with the lock-up and leave market. He sees a strong correlation between larger homes and the downsizer market assisting those vendors with their next purchase.

Andrew lives in Audrey Road with his wife Sarah and two children, Ruby and Jack, and additionally has substantial commercial and residential holdings in the area, so he lives, breathes and believes in the core areas in which he sells.

If you are thinking of selling your home please contact Andrew for a confidential discussion.

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ID#569786

1 & 2/30 Oxford Terrace,

Cheltenham

North Shore
PBN
proudly marketed by
Andrew Dorreen
Precision Real Estate MREINZ
Andrew
+64 21 747 334
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