Imagine owning a piece of paradise on one of New Zealand's most coveted beaches, where generations of memories were made. But there's a catch: it's an 'as is, where is' sale, and it's sparking a real estate frenzy!
Three adjacent properties on the prestigious Oceanbeach Road in Mount Maunganui are up for grabs, with a combined rateable value (RV) of $9.03 million. These properties, nestled on over 2000sqm of land, have been in the same family for nearly six decades, and now they're ready for new owners. But here's where it gets intriguing: the sale includes a charming bach and rental units, offering a unique investment opportunity.
Powers agents Sandra Powers and Colin Mackenzie are handling the sale of 395 and 395A Oceanbeach Road, a 1960s bach with a stunning beachfront view and a trio of two-bedroom flats. The late owner's connection to this place was profound, having lived in the four-bedroom bach for over 40 years, enjoying the breathtaking views of Mount Maunganui's Main Beach.
Just behind this beachfront gem lies a block of three cozy two-bedroom flats, adding to the property's appeal. Aleisha Carr and Brent Henry are listing 397 Oceanbeach Road, a block of units slightly set back from the beach, offering a different perspective on this idyllic location.
The story of these properties is a captivating one. The late owners, an ex-soldier-turned-farmer and his war bride, purchased the land at 395 and 395A Oceanbeach Road for a mere £500 in 1967, building their dream holiday home with four bedrooms and later adding rental units to generate income. Their legacy expanded when they acquired 397 Oceanbeach Road and constructed additional rental units, solidifying their real estate empire.
The family's granddaughter shared heartwarming memories with OneRoof, recalling how five generations enjoyed beach holidays on this very spot. She emphasized the unique privilege of having the beach at their doorstep, an experience she believes is truly special. With the passing of her grandmother, who lived in Mount Maunganui until her later years, the family has decided to sell these cherished properties.
Adding to the allure, a neighbouring roadside section with two dwellings, purchased in the 1970s, is also part of the package. Listing agent Sandra Powers highlights the rarity of such a substantial beachfront landholding. The properties have attracted diverse interest, from investors aiming to renovate and rent to dreamers envisioning their ideal homes on this prime location. And this is the part most people miss—the potential for transformation is limitless!
The sale of 395-395a Oceanbeach Road and 397 Oceanbeach Road, with a deadline of November 19, presents a once-in-a-lifetime opportunity. Will these properties find new owners who appreciate their rich history and potential, or will they be transformed into something entirely new? The decision is yours to make, and the possibilities are endless. What would you do with this slice of paradise?
