Ray White Timaru
Real Estate Services
- Listing #:
- TIM30477
- Listed:
- 113 days ago
Price by Negotiation
Million Dollar Bay Views
1-7/1A Wai-iti Road, Maori Hill, TimaruResidential House
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- 11 Bedrooms
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- 6 Bathrooms
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- 280m2 Floor Area
About this property
Options to buy individuals or buy them all. This is a rare opportunity to secure front-row seats overlooking our beautiful Caroline Bay. Enjoy the ever-changing, jaw-dropping views of the ocean, city and port. Never a dull moment here. Meander along the boardwalk for a sunset stroll. Grab breakfast or a coffee from our great local eateries. This retro delight was constructed by Lunds in the heyday of the 1960's. Reap the returns with 2 units currently Air BnB's and the others have full occupancy with periodic tenancies. This would be a king piece in an investment portfolio. Retain or Land bank for future developments. 7 units, 6 with 2 bedrooms and a one-bedroom apartment. All with great views and an outlook to live for. Options to keep a couple and live on-site with an income flow. Renovate to high-spec apartments and increase the returns. Dont delay affordable apartments on a site like this are rare. Secure now as this opportunity won't last.Flat 1 CV: $315,000
Flat 2 CV: $315,000
Flat 3 CV: $350,000
Flat 4 CV: $330,000
Flat 5 CV: $330,000
Flat 6 CV: $340,000
Flat 7 CV: $310,000
Please be aware that some information has been sourced from Property Smarts and we have not been able to independently verify the accuracy. Land and floor area measurements are approximate and boundary lines are indicative only.
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