Perfectly pitched for passive income in Te Puna


23 Paparoa Road, Te Puna

Asking Price NZD $825,000 + GST (if any)

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Perfectly pitched for passive income in Te Puna | 23 Paparoa Road, Te Puna | 2303650 |      X Close
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Perfectly pitched for passive income in Te Puna


Among the orchards and lifestyle blocks of popular Te Puna this 5290m2 property is unique in that it is currently used as the base for a cricket academy. However, it does not take much lateral thinking to imagine this as a lifestyle property combined with a little horticulture.

The return of $54,000 plus GST is generated by the lease of the property to the academy operator who lives in a very spacious and tidy apartment above the accommodation facility used by a variety of national and international groups taking advantage of the training offered. The lease has expired and will be vacant possession. The accommodation features bunk rooms and large communal areas, kitchen and bathroom. A massive double height carport runs along the side of the building. There is also an additional dwelling, a roomy weatherboard cottage which faces an inground pool. The only other structures are a storage shed and the covered artificial turfed cricket pitches which are somewhat 'greenhouse' in nature. It is a very warm and sunny spot, the flat north facing land sheltered by high hedges along the west boundary. A few citrus trees line the road frontage. This is an opportunity to secure an attractive block of land in a central and desirable area; with no pressure to develop due to the good income it provides. As the site for a family home, grounds and maybe an edible crop, the benefits of the location become obvious. Children can walk around the corner to Te Puna Primary School, easily bus to city colleges. Tauranga is a mere ten minutes away, only five to Bethlehem Town Centre. If it's just a coffee and a chat you want, pop down to Nourish caf?. Lunch might be the Ciderie a couple of roads nearer the coast. Five minutes the other way and you can be launching the boat off the reserve at the end of the peninsula.

Perfectly pitched to be a winner, however you decide to bat. This property will be sold plus GST (if any)

23 Paparoa Road, Te Puna

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Jeremy Pryor

Tauranga

Licensed under the REA Act 2008

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