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The more valuable properties around the world invariably have an association with water. Waterfront property has maintained its valuable status by nature of the limitation of coastline, lakeside and shoreline.
Properties that are at the edge of earths living water fall not only into a rare but also a most valuable niche.
Beach Road sits within a limited stretch of harbour front real estate in Tauranga’s Inner City.
No. 95 and 97 are two fee simple titles sharing 809 sqm. of land accommodating two dwellings.
It is one of a few left underdeveloped in a street that is home to the inner city’s more opulent homes.
With the land value at 77% of the government valuation the properties are obviously undercapitalised.
With passive incomes from the three-bedroom house and single bedroom flat, here is a waterfront land bank with a supporting or semi supporting income stream.
There is a harmonious character between house, flat and the established enchanting garden grounds.
Restoration of both dwellings will preserve this character that has been six decades in the making.
The garden frames beautiful views; from a canoeist on the morning tide to ships being piloted to port up the Stalla Passage and a myriad of changing views between them.