69 & 73 Turret Rd,
Invest, Develop or Landbank - the choice is yours!
Held on two titles, this is an incredible opportunity to secure a large waterfront land holding in a highly sought after Avenues location. Comprising of a combined land total of 2,934sqm (more or less) there are six one bedroom units and studios on one title and a solid 1950s family home on the other.
The property has a current annual rental income of $117,000 (approximately) an ideal holding income if your plans are to develop in the future with inner harbour views on one side and the scenic estuary and walkways on the other. These large, essentially flat sites with have easy access and are truly a unique slice of Tauranga real estate gold.
69 Turret Road - North facing on its own fenced 809sqm site, the solid brick 1950s era bungalow looks out to the iconic pohutukawas and inner harbour lining Turret Road. A centrally placed kitchen, spacious dining/family opening out to a pebble paved deck, and a large lounge cozily heated by the original open fireplace. Three bedrooms, family sized bathroom, separate toilet and laundry to complete what is an inviting home warmly coloured with touches of retro character. A single garage with internal access and off street parking top off this attractive property.
73 Turret Road - Sits on its own 2,125sqm site, with separate dual access. The site comprises of six board and batten/fibrolite units with the quality of original 1950's era holiday baches. Two buildings with nostalgia styled verandahs each house two single level, one bedroom units facing West towards inner harbour and mid Avenues views. A third building accommodates two studio style units also enjoying sunshine and views. These homes are self-contained, compact yet practical, sharing an onsite laundry facility, and have ample off-street parking.
The views, proximity to the CBD and all levels of schooling, easy access to the main arterial routes makes this very desirable real estate. The options here abound - buy one or both sites. Come and be part of and enjoy this beautiful city and region.