PRIME CENTRAL OTAKI REDEVELOPMENT SITE

A sunny cottage on an unusually large section in central

Ōtaki offers an unrivalled opportunity for development or subdivision.

The three-bedroom home, at 52 Dunstan St, was built in the 1940s on a 1062-sqm corner section that’s within a minute’s walk of shops and public transport.

“It’s unusual to find a property with workable space this close to town that has not already been subdivided or built out to its maximum potential,” Derek Kelly, of Kelly & Co Realty, says. The property is being sold with concept plans for 11 townhouses but this is just one possibility.

“You could also remove the home from the site and explore subdivision into three sections,” Kelly says. “Or subdivide and build three stand-alone homes. “Alternatively, you could renovate the current home and benefit from loads of growing and playing space, all within a flat, easy walk of cafes, markets and public transport while being just a short drive to the expressway. “It also offers work-from-home or home business potential.” Kelly says the cottage could be lived in while building an additional dwelling for extended amily/multigeneration needs.

“It’s certainly liveable as is, but with plenty of potential to spruce up.

“It has beautiful native timbers and is full of charm, with some pleasant surprises inside.

“It’s a quirky cottage — an example of its era — and definitely could be relocated.” Kelly says the opening of the Transmission Gully highway and the new Ōtaki Expressway has turned Ōtaki into an “excellent satellite location” for Wellington commuters.

“We’re well under an hour’s drive away from the capital. We can go to the city for dinner or a show and know we’re actually going to make it in good time! “Ōtaki is a fast-growing area and increasingly those from Wellington and the Hutt regions seeking a smaller town feel with more value for money are moving here.

“It’s a superb place to be with so many vibrant activities, groups, artists moving to town and the strong community spirit from old and newer locals continues.

“It’s a great place for children, it’s close to the beach and the bush, and has river walks, swimming, excellent parks, and recreation.

“So, this is a rare opportunity to capitalise on a prime, central Ōtaki location.”

Property Details:

Address: 52 Dunstan St, Otaki.

Land area: 1062 square metres.

Floor area: 110 square metres. Rateable value: $440,000.

Deadline sale: Closes November 7, 11am (unless sold prior).

Viewing: By Appointment

Agents: Derek Kelly, Kelly & Co Realty, phone 021 0832 6460

Email: derek@kellyandco.nz, and Tracey Savage, phone 022 429 9779

Email: tracey@kellyandco.nz

Licensed Agents REAA 2008.