RARE ISLAND BAY DEVELOPMENT SITE - By Negotiation

20 Reef Street, Island Bay

  • Bedrooms7
  • Bathrooms4
  • Living Areas4

Seldom do we come across flat land this close to the beach within the heart of Island Bay. This offers a unique opportunity for those wishing to secure a prominent flat multi-dwelling building site with enormous scope for adding value. Features include:


- Amazing large rear site situated across from the beach and behind Shortland Park
- Flat 1227* square meters of prime land, accessed down the shared right-of-way
- There is massive potential to develop this completely flat site (subject to obtaining any required consents)
- Current building structure has 4x flats over 2x levels, with 2 of the 4 flats vacant
- The building itself does require remedial work: a new roof is recommended and earthquake strengthening also required within an estimated 6 years (Source: Vendor information)
- The timing is therefore ideal to remove the existing building and develop the land
- Public transport from the end of the driveway - Island Bay No1 Bus
- Rateable Value $940,000

Call for an information pack today or to arrange a tour of the site.

*Source: Property Guru

Address

20 Reef Street, Island Bay

Price

By Negotiation

Listing ID

LOWE2011

Type

House

Floor Area

300 m² approx

Land Area

1227 m² approx

Rates

$5,377.14