29 Victory Street, Welcome Bay, Bay of Plenty

For Sale

29 Victory Street, Welcome Bay, Bay of Plenty

Asking Price $1,050,000

270 m²

1091 m²

House

•

30+ days on the market

Next inspection:: Sunday 5 July 1:30 PM

Inspection times

5th Jul

Sunday

1:30 PM - 2:00 PM

What's around 29 Victory Street

Builders - Restore this Gem to its Full Glory

My vendors want a visionary builder to come and restore their home of 22 years to its former glory. With the most panoramic views of the Bay stretching from the Kaimais, to the Mount and around to the eastern Papamoa oceanside, you simply can't beat the location. A height restriction protects the western view. This building is solid and very well appointed inside with wooden floors in the living areas and top quality fittings throughout. However, although the ground floor is concrete block with plaster over, the top two floors have direct fix 40ml styrene with plaster over and there are some weathertightness issues. There is a unispan concrete floor for the middle floor. The GV is $1.43ml and it is on the market at S1.05ml so there is scope to remedy and retain full capital value. With 1091sqm (approx.) of land and a historic approval for subdivision and historic approval for a second building on site, this home has plenty of value. The city night view is magic. The home is large and on three floors. Ground floor and entrance provide a semi self-contained area with bathroom, kitchenette and studio rumpus/bedroom - great for extra income and currently returning $400 per week. Reach the second level either by the stairs or the lift and you have stretching before you the gorgeous panorama of the Bay surrounding you on all sides. This floor houses the open plan living with good indoor-outdoor flow to the sheltered courtyard plus a double bedroom, office/or TV room, bathroom and laundry. Moving upwards is the main bedroom with wider views still and a second bedroom and bathroom. Don't miss this opportunity to explore how you can live with the embrace of the Bay all around you. Just bring your hammer and tools and call me for an appointment to view