Outstanding 1.826 Hectare Coastal Investment Cable Bay, Northland, New Zealand Price by Negotiation

This is a unique property overlooking the golden sand beach at Cable Bay, with unobstructed northerly sea views of the whole of Doubtless Bay.
Cable Bay forms part of a 7.5km elongated stretch of coastline between Mangonui and Taipa Beach of mainly residential development consisting of beach cottages, average quality permanent homes, and a selection of superior housing in the prime waterfront locations.
The western boundary adjoins the Doubtless Bay villas resort, and the eastern boundary is esplanade reserve adjoining the Opoi stream. The southern boundary is bush land reserve.

The principle improvement on the land is a 177.3 sqm dwelling plus 79.5 sqm decking and 20.9sgm carport. There is also a 46.6 sqm boat shed with 62.4 sqm carport.

The dwelling is split level; comprising four bedrooms, two bathrooms, living room, dining room, kitchen and laundry, with a 1.4 metre wide stairwell and hallway. Fittings comprise electric stove and hot water system, Formica sink bench with double stainless steel insert, built in baths, shower cabinet, two toilets, two vanity units, double stainless steel laundry sink, two pantries, kitchen units, and good provision of wardrobes. There are two bedrooms on the lower level and two on the upper floor. There is good provision of timber decking with timber balastrading on both floor levels.
This is a spacious split-level dwelling with a good interior plan providing easy circulation; the abundant provision of ranch sliders and decking ensures excellent indoor/outdoor flow. The exterior of the building is of average presentation. The dwelling has enjoyed some renovation with minor finishing required in the downstairs bedroom areas.

Around the dwelling there is extensive site cultivation which is well laid out with a mature array of palms, shrubs and trees and a small vegetable garden.

The boat shed is a timber frame construction with rough sawn ranch pattern ply walls with a corrugated iron roof supported by timber trusses and a concrete floor with a terracotta tile imprint over part of the area. It is fitted with a ranch slider as well as a roller door and the interior is unlined. Attached to the boat shed is a corrugated iron shelter supported by timber posts with a metalled floor.

The whole estate is currently in a single block with a 3 metre wide private road running from State Highway 10 to the summit of the property. A feasibility study was carried out to determine potentials for subdivision. Resource Consent was received for eight new residential lots. The consent was obtained after negotiation with Transit New Zealand, geological analysis and engineers reports.
This consent has now lapsed.

The region is renown for its fishing, boating, history, and beautiful landscapes. The beach is a few minutes easy walk from the house, the water's warm and the swimming is safe. The views are spectacular.
The property can be retained as a single estate, and land bank for the extended family, or developed into nine residential lots.

For anyone dreaming of owning a prime waterfront piece of New Zealand this property must be inspected to assess its value.
The most recent QV valuation was in August 2013.
Property Address: 360 State Highway 10, Cable Bay, Northland
Land Value: $ 730,000
Improvements: $ 150,000
Capital Value: $ 880,000