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2257 State Highway 2, Katikati, Western Bay of Plenty, Bay of Plenty, 3 Bedrooms, 1 Bathrooms, Home & Income

$1,200,000

2257 State Highway 2, Katikati, Western Bay of Plenty, Bay of Plenty

3
1
1
114m2
13650m2
Home & IncomeListed on Sat Dec 9

Katikati 3 Bedroom Home & Income Lifestyle Opportunity

If you're looking for cashflow, capital gain and commercial/residential lifestyle you must check out this unique offering.

The main building, play areas and a portion of what was once the garage is leased out as a fully operational childcare business capitalising on the prominent main road location. This provides the new owner with a stable income through until 2027, renewable until 2032.

The remainder of garage is a studio suite and includes a toilet, shower and kitchenette.

Down the private driveway is a lush, fertile hideaway with unique living accommodation in the form of relocatable units. Two are set up as glamorous bedrooms, one of which has shower, vanity and toilet. Then there's a wonderful kitchen, dining and lounge unit which has an extra space currently used as an art studio.

There's a covered deck for outdoor entertaining plus the tropical gardens provide plenty of gathering or relaxing spaces. Pathways meander through the resort-like setting which wouldn't be complete without the glorious outdoor bath with hot and cold water.

A grapevine covered pergola leads to raised veggie beds, the home orchard and more sheltered spaces for other commercial ventures or projects. Sloping land with pine and native trees and a small bush track to the southern boundary overlooking a bird sanctuary and waterway adds a wonderful nature element to this spot.

Important Notices:

* Buildings on the property may not be consented, meet building code, or be complying. Buyers are advised to seek legal and/or technical advice before entering into a binding contract.

* The Purchase Price is Plus GST (if any).

Location

Council Data

Last update : 2024 07 03
Improvement value$150,000Reduced by -50% from year 2019
Land value$800,000Increased by 81% from year 2019
CV(Year 2022 Month 09)$950,000Increased by 28% from year 2019
DeckYes
View typeNo appreciable view
ContourLevel
Land area13657m²
Floor area114m²
Decade of construction1960
Title494257
Type of titleFreehold
Legal descriptionLOT 2 DEPOSITED PLAN 424249
CouncilBay Of Plenty
Estate descriptionFSIM,1/1,LOT 2 DEPOSITED PLAN 424249
ConstructionExternal Walls: Mixed Materials Roof: Iron
ConditionExternal Walls: Average Roof: Average

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Pahoia School
5.82 km
Primary
1-6
Government
Co-Educational
EQI: 421
9

Property history

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For developers

Unitary plan:-
Land:13650m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
0.06 km
3
174m2
Year 2024 Month 03 Day 28
$890,000
Council approved
0.07 km
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182m2
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3.75 km
3
159m2
Year 2024 Month 02 Day 26
$850,000
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41 Walker Road West
3.65 km
2
1
100m2
Year 2024 Month 02 Day 08
$672,000
Council approved
4.12 km
4
115m2
Year 2024 Month 01 Day 24
$970,000
Council approved

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Ref:PE00047Last update:2024-07-02 16:06:14