Land, Land, Beautiful Land

It is one of the asset classes that is referred to when the discussion is around protecting ones wealth.\nThis 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.\nPillans 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.\nSloping gently toward the northern sun, the vista is the more sought after in the city.\nThe 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. \nWith 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.\nBy 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.\nAs 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.\nFrom 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.\nIn all ways a solid foundation upon which to improve.\n\nLegal Description: Lot 14 DPS 753\nCapital Valuation: $785,000\nLand Value: $640,000\nRates: $4,554.31*\nExterior Construction: Rimu or Tawa weatherboard*\nRoof: Decramastic\nJoinery: Rimu*\nFoundations: Concrete piles and footings*\nInsulation: Ceiling**\nFloor Area: 177.6m2*(more or less.) + Terrace and Garage \nAge: 1950's with 1960's additions*\nAspect: Northerly\nSection Area: 1722 m2(more or less)\nBedrooms: Five\nLayout: See floor plans\nHeating: Wood burner\nWater Heating: Electric\nGaraging: Double\nChattels: 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.\n(Not staying: shelf in dining area)\n*Information from council property file or web site.\n**Information from Build Inspection Report. \n\n\n