Set on a 383sqm (approx.) freehold front section in Judea, this property presents an outstanding opportunity for builders, developers, land bankers or experienced renovators looking to unlock its full potential.
The existing 1950s Art Deco inspired stucco home is configured over two levels, each offering two bedrooms, kitchen, living area, bathroom and laundry. However, extensive investigations during renovation works uncovered significant structural issues, including widespread timber deterioration and moisture damage.
The lower level has already undergone structural timber replacement, but renovation works were halted after similar issues were discovered upstairs. Further invasive investigation has confirmed moisture related damage to the upper level framing, and purchasers should expect significant remedial work. A comprehensive reclad and extensive structural repairs will be required, subject to professional advice and council requirements. Buyers should complete their own due diligence regarding repair costs and feasibility.
For many, the real value may lie in the land.
Positioned within Tauranga's Medium Density Residential Zone, this property offers exciting future development possibilities (subject to Tauranga City Council approval). Whether you're considering redevelopment, rebuilding or exploring the site's development potential, this is an opportunity worthy of serious consideration.
Situated just off Waihi Road, you'll enjoy quick access to Tauranga CBD, Tauranga Hospital, major arterial routes, local schools, public transport and everyday conveniences, including the neighbourhood dairy just a short stroll away.
The vendors have made the difficult decision to move on, creating a genuine opportunity for someone with the vision, expertise and resources to maximise this property's future.
If you're searching for your next project or premium building site in an increasingly desirable location, 68A Paine Street deserves your inspection.
Contact The Coastal Team today for the available property information and to arrange your viewing.
