Land, Land, Beautiful Land


32 Rutherford Street, Otumoetai, Tauranga

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Land, Land, Beautiful Land | 32 Rutherford Street, Otumoetai, Tauranga | 2301645 |      X Close
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Land, Land, Beautiful Land


It is one of the asset classes that is referred to when the discussion is around protecting ones wealth.

This 1722m2 section up a six metre wide drive at the top of a cul-de-sac street possesses other prime features inherent in real estate growth; location, location and a panoramic water view.

Pillans Point, Otumoetai is one of the inner-most established suburbs of Tauranga; New Zealand's fastest growing central North Island East Coast City in a region aptly named the Bay of Plenty.

Sloping gently toward the northern sun, the vista is the more sought after in the city.

The single level living approx. 177m2 *, five bedroom home with double basement garage stands straight and true sixty years on from its build, thanks to the generous use of heart native timbers. Along the northern sunny front of the home the living rooms open onto a 28m2 terrace.

With the improvement value at only 18% of the capital value (GV) the prime site is currently under capitalized. A renovation or redevelopment is beaconing. Meanwhile the home is comfortably habitable.

By day the forever changing vista from here is as diverse as the range of vessels between a P Class sailing dinghy and luxury passenger liner.

As the flashing, flickering, blinking, green, red and white guiding lights of the harbor channel markers introduces dusk another enchanting night view acquaints itself with the home.

From here the popular Pillans Point primary school is a five minute walk away. High schools are within an easy biking distance, the employment hub of the CBD is within a 3.5km radius and the white sand surf beaches of Mount Maunganui are just 7.5km (eight minutes) across the harbor.

In all ways a solid foundation upon which to improve.

Legal Description: Lot 14 DPS 753

Capital Valuation: $785,000

Land Value: $640,000

Rates: $4,554.31*

Exterior Construction: Rimu or Tawa weatherboard*

Roof: Decramastic

Joinery: Rimu*

Foundations: Concrete piles and footings*

Insulation: Ceiling**

Floor Area: 177.6m2*(more or less.) + Terrace and Garage

Age: 1950's with 1960's additions*

Aspect: Northerly

Section Area: 1722 m2(more or less)

Bedrooms: Five

Layout: See floor plans

Heating: Wood burner

Water Heating: Electric

Garaging: Double

Chattels: Blinds, Dishwasher, Drapes, Fixed floor coverings, garden Shed, light fittings, Electric Stove, Range hood, refrigerator, Security system, TV aerials, Washing machine taps, Auto garage door opener and remote.

(Not staying: shelf in dining area)

*Information from council property file or web site.

**Information from Build Inspection Report.

32 Rutherford Street, Otumoetai, Tauranga

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Ray Lees

Tauranga

Licensed under the REA Act 2008

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Linda Lees

Tauranga

Licensed under the REA Act 2008

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