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374 & 76 Karewa Parade, Papamoa Beach
Rarely does an opportunity like this arise in such a prestigious location! You now have the chance to acquire both 74 and 76 Karewa Parade, situated directly opposite the famous Papamoa Beach. This expansive combined land parcel spans an impressive 1,330sqm, offering countless possibilities for developers, land bankers, and those looking to create their dream home.
Currently, these two properties host two dwellings that generate high-end rental income along Papamoa's golden mile, making this not only a prime location but also a lucrative investment.
Key Features:
•Pricing: By Negotiation
•Combined CV: $2.80M
•Total Land Area: 1,331sqm
•Road Frontage: Corner site with two road frontages
•Zoning: Medium Density Residential Zone, allowing for incredible potential for higher density development (subject to resource consent)
Development Potential on Double Site:
•Number of Dwellings: Construct up to three independent dwelling units on each site without resource consent, adhering to the permitted activity standards in Section 14B.2.
•Building Height: Maximum building height of 11m, with an allowance for 50% of the roof elevation to exceed this height by 1m, provided the roof slopes at an angle of 15 degrees or more.
This is an exceptional opportunity to capitalize on the high demand for residential development in this prime beachside location. Consulting with specialist advisors is highly recommended to explore all potential avenues.
Important Note: The properties are currently tenanted, and access is not permitted. Please contact agents for further enquiry.
Don't miss out on this rare offering on Karewa Parade - make your dreams a reality today!
To view the property files, copy this link to your browser: propertyfiles.co.nz/property/PA03354
Sales Consultant
Sales Consultant