Tommy's Real Estate Kapiti
Real Estate Agents
- Listing #:
- L34384086
- Listed:
- 208 days ago
Asking Price $1,395,000
Paraparaumu lifestyle / Development Opportunities
111 State Highway, Paraparaumu, Kapiti CoastOther
-
- 3 Bedrooms
-
- 1 Bathroom
-
- 1 Toilet
-
- 1 Car Garage
-
- 80m2 Floor Area
-
- 1.9 Hectares Land Area
About this property
The property offers a number of options, and excellent potential just a few Kms from central Paraparaumu.• Build New, and retain a rental income from the cottage.
• Embrace the lifestyle on offer and make the cottage and studio home with space to graze or develop the site.
• By subdividing the existing cottage and further develop the site.
• An opportunity to possibly on-sell a portion of the site to a neighbouring owner still leaving you with approximately 1.5Ha.
The Cottage:
The farm cottage has plenty of character and was extensively renovated in 2016.
The open plan kitchen and dining area get excellent natural light and open out, to a spacious outdoor deck with stunning views of the Nikau Valley across the road. There are 3 good, sized bedrooms and a well-presented bathroom , with heating provided by way of a wood burner.
There is a Separate studio that is ideal for working from home, plus there is a single garage and workshop space.
The site enjoys a wonderful environment where Spoonbills visit the ponds, Kereru sit atop the fruit trees, and the Morepork call from the darkness at night.
Development Opportunity:
The 1.9 Ha site has Mixed Use zoning and suitable for possible subdividing, developing, or land-banking with a passive income source from a communication tower, generating $12,000 per year and the cottage currently returning $2,160 per month.
A large portion of the property is elevated, with sections having panoramic views of both Paraparaumu and Kapiti Island.
The property is currently accessed off Lindale Drive, with possible access off the old State Highway, subject to KCDC council approval.
The Located:
You are only 2 kilometres from central Paraparaumu, 5 kilometres from the beach, and a 45-minute train or drive from downtown Wellington, amenities available include the train station, grocery stores, restaurants, banks, bus stops, and the local mall making the property perfect for those seeking a lifestyle escape with urban convenience nearby. Waikanae is also just a short distance from the property's front door.
Proudly Presented For Sale by Steve Manson and Rose Hu
Organise your power in 2 mins
Check out whether you can get fibre internet
Meet your new neighbours on Neighbourly
