167 Spa Road, Taupo, Central North Island

167 Spa Road, Taupo, Central North Island An Enticing Prospect - Land Bank Or Investment

Offering an enticing prospect for land banking or investment. Situated on a generous 766sqm (more or less) freehold site, this property boasts substantial potential for future development, offering a myriad of options for savvy buyers in a growing and promising location.

For astute investors in search of security and consistent rental earnings, a tidy 100sqm (more or less) 1960s single-level dwelling, positioned on the easily managed grounds comes turnkey with an existing tenant in place. Comprising of three bedrooms, a bathroom, and a kitchen with open-plan living. Complete with an adjoining single garage and off-street parking, the home enjoys an abundance of natural light and warmth, courtesy of a woodfire for cosy winter heating. Indoor/outdoor flow invites you to fully enjoy the grounds, providing ample space for children to play.

The property lies within a 'mixed-use environment' zone, suited to a diverse range of applications. Whether accommodating the family boat, tents, and campervan over many summers ahead or exploring subdivision possibilities (subject to Council consents), this property comes with the option of concept development plans to realise the full potential of this site. Visually appealing renderings depict plans for four townhouses, each featuring three bedrooms, two bathrooms, and two levels. The necessary resource consent from the Council has been approved and plans are available upon request.

Situated in a well-established central neighbourhood favoured by families, the property is conveniently located close to schools, shops, and amenities. Residents of possible future dwellings will enjoy a lock-n-leave lifestyle where an easy walk takes you to the lakefront and charming cafes in the Taupo CBD.