STRIKING GOLD
Opportunities like this in the Mount’s Golden Mile are few and far between, discovers ERIN REILLY.
It goes without saying that the Mount is one of New Zealand’s most sought-after holiday and lifestyle locations.
But absolute beachfront development opportunities are very hard to come by.
One very special property combines arguably the best views and lifestyle in the country with innumerable possibilities, making it an ideal investment for both astute developers and dreamers who want to create a legacy for their family.
At a very generous 809sqm, 30 Marine Parade in Mount Maunganui, Tauranga is one of the last remaining full sites on the ever-popular Golden Mile.
From the street, a wide frontage and schist pillars offer a spectacular first impression. But it’s the view which is the real hero of the home.
The property is literally a hop, skip and a – oh, look at that, you’re already in the water – away from the beach. The Mount’s iconic rock formations Moturiki and Motuotau (Leisure and Rabbit) Islands are right outside, making this more than just a pretty view – it’s like looking at a postcard.
“Because 30 Marine Parade is zoned high density it has the potential to become home to multiple properties and be really lucrative for a savvy buyer.”
Bayleys Mount Maunganui agent Conrad Doyle, who is marketing the property with Kay Ganley, says this is a oncein-a-lifetime opportunity for someone looking to make a real impression.
“A site of this size in this location is a real rarity because a lot of full sites on the Golden Mile have already been subdivided,” Doyle says.
“Because 30 Marine Parade is zoned high density it has the potential to become home to multiple properties and be really lucrative for a savvy buyer.”
But Doyle says the world is the lucky buyer’s oyster.
“This site could lend itself to one or two expansive luxury homes, perhaps four luxury apartments with wider frontages to maximise the view, or even 6-7 three-level luxury townhouses.
“The current set up could also be gutted and renovated so the buyer could enjoy their own two-bedroom apartment with incredible ocean views, and rent out the other seven onebedroom apartments to create a significant income opportunity,” says Doyle. Yes, you read that right. A motel in a previous life, the property is currently set up as a two-bedroom apartment with seven one-bedroom apartments, each with their own kitchenette and bathroom.
With the area’s best eateries and attractions just a short walk away, location is king in this part of town.
“Whether you’re after a Saturday morning walk up Mauao, Sunday morning brunch options, or a good night out, it’s an easy stroll to the best parts of the Mount – and home again.”
Doyle says 30 Marine Parade is a very special listing that will appeal to lots of different parties.
“Sales in this area have continued to rise, despite the media saying the market has turned,” he says.
“Really special listings will sell. Just recently, 39 Marine Parade, which was an old cottage that had been in the family for years and was on a smaller site than number 30, sold for $7.65 million.
“We expect this property to appeal to a wide range of parties who will each have their own vision for the site. We’re excited to see what comes of it,” he adds.
Sale: Price by negotiation Contact: Conrad Doyle, Bayleys, 021 959 456; Kay Ganley, 027 280 5686