Residential Development Site


53 Fraser Street, Avenues, Tauranga

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Residential Development Site | 53 Fraser Street, Avenues, Tauranga | 2304107 |      X Close
Description

Residential Development Site


This 1247m2 flat section sits in the heart of Tauranga's most inner city suburb just 2.6 km from the central business district. Permitted development in the suburban residential zone within which it sits is one dwelling unit per 325m2. Look left and right from this address and you can see the success of previous developments in this desired location. With permanent and long term migrant arrivals to New Zealand seemingly unstoppable and the country's rock star economy Tauranga continues to witness population growth and demand for top quality homes. Drive the inner city suburbs of this central North Island coastal city and you will see old dwellings making way for new quality, more comfortable homes. Like major cities around the globe this inner most city suburb is home to popular schools; St. Mary's School, Tauranga Intermediate, Tauranga Boys College, Tauranga Girls College and Tauranga Primary are all within a 2km. radius. Major employment hubs such as Bay of Plenty D.H.B. Tauranga Hospital are within the five minute drive zone along with a stunning variety of international cuisine restaurants and exquisite cabinet-food cafes. It is a location in constant demand from buyers and currently short supplied. The regular shaped site with a 20.45m. wide street frontage and a 61m. sun-facing north-east boundary is a short 400 metres walk from the harbour waterfront. The 1950's build dwelling has a consent for professional offices. It is currently configured as such with reception area, four x offices, meeting room, kitchenette and his and hers WC's within its 149m2 floor area. A basement provides a large file storage area and double garage. It has been occupied for going on 20 years by Malcolm Webster Limited Chartered Accountants, who have vacated. The property is to be sold plus GST.

Legal Description: Lot 2 DPS 401360, Lot2 DPS7403 and Lot 24 DPS 191

Capital Valuation: $658,000*

Land Value: $545,000*

Rates: $3,407*

Exterior Construction: Weatherboard

Roof: Iron

Joinery: Wood

Foundations: Concrete footings

Floor Area: 149 sq. metres*

Age: 1950's*

Section Area: 1247 sq. m.

Layout: Reception, Meeting room, 4 X Offices, Male and Female toilets, Kitchenette, Basement file storage.

Heating: Heat pumps

Water Heating: Electric

Garaging: Double basement

Chattels: Fixed floor coverings, 4 X heat pumps, window coverings, Light fittings.

*Information from Council property file or web site.

53 Fraser Street, Avenues, 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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