Multi Income Opportunity in Beach Location.

New Brighton, A & B/261 Marine Parade

Tidy 3 bedroom house plus 1 bedroom rear house, situated on 582m2 of RMD land, situated on one title, zoned TC2. All EQC work is completed and signed off and insurance in place AMI.

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  • Present Offers

Property Information

  • Listing #S2078
  • Legal description PT Lot 21 DP 94
  • CT number CB23A/630 (Freehold)
  • Land Area 582m²
  • Floor Area 140m²
  • Land Zone RMD TC2
  • Land Value $220,000
  • Improvements $235,000
  • Capital Value $455,000
  • Rates $3,292.88 p.a.
  • Parking Double garage, with two single doors, plus off-street parking
  • The above information has been supplied by either the vendor* or by outside agencies like CCC, LINZ, Property Guru, etc. Accordingly, Braziers is merely passing over this information as supplied to us. We cannot guarantee its accuracy and reliability as we have not checked, audited, or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into this information. To the maximum extent permitted by law Braziers does not accept responsibility to any person for the accuracy or use of the information herein.

• 1 x 3 bedroom & 1 x 1 bedroom.

• Good Holding income.

• 582m² of RMD, TC2 land.

• Dimensions - Street frontage of 12.23m x 46.00m.

• Landbank for future redevelopment.

• Double garage, with two single doors, plus off-street parking.

Front house: Three bedroom home with sunny and spacious living area with heat pump. Tidy kitchen with plenty of storage. The bathroom has a shower over bath and vanity. Separate toilet and separate laundry facilities. Single garage and off-street parking. Private and sunny fenced outdoor area at rear of site.

Back house: One double bedroom unit. The kitchen, dining and living are open plan with heat pump. Bathroom with shower over bath, vanity, toilet and laundry. Single garage with off street parking.

Currently tenanted at $359 per week fixed until 15/01/2022 and $270 per week fixed until 28/02/2022. A total of $629 per week = $32,708 per annum.

This unique property would make an ideal investment, or options for an extended family. Good holding income with opportunity to improve and add value or landbank for future redevelopment.

To view, call Braziers on (03) 377 7122

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Email Rebecca Manawatu about A & B/261 Marine Parade

Email Neil McLaughlin about A & B/261 Marine Parade