111 State Highway, Paraparaumu, Wellington

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Paraparaumu

For Sale

111 State Highway, Paraparaumu, Wellington

Price by negotiation

80 m²

1.92 ha.

Other

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30+ days on the market

What's around 111 State Highway

Lifestyle Living with income potential.

Set on a generous 1.9-hectare site, this property offers an outstanding lifestyle opportunity just minutes from the town centre. The charming farm cottage is full of character and features open-plan living, three well-sized bedrooms, and a well-presented bathroom, with heating provided by a wood burner. Parking is well catered for with a garage and workshop, and a separate studio provides an ideal work-from-home option. Step outside onto the deck and enjoy stunning views across the Nikau Valley Reserve. The property offers a truly special environment, where spoonbills visit the ponds, kerera perch in the fruit trees, and the call of the morepork fills the evening air. The land offers a number of prime building site to with the possibility of alternative access from the old State Highway, subject to Kāpiti Coast District Council approval. Income potential: • There is potential to on-sell a 0.5-hectare parcel of land to an adjoining neighbouring property. • The Mixed-Use zoning also allows for possible subdivision, development, or land-banking. • The communication tower generating approximately $12,000 per annum in passive income. • The cottage currently returns $2,160 per month. Conveniently located just 2 kilometres from central Paraparaumu, 5 kilometres from the beach, and within a 45-minute drive or train commute to Wellington CBD. Waikanae is also just a short distance away. Proudly presented for sale by Steve Manson.