It goes without saying that the Mount is one of New Zealand’s most sought-after holiday and lifestyle locations.
But absolute beachfront development opportunities are very hard to come by.
One very special property combines arguably the best views and lifestyle in the country with innumerable possibilities, making it an ideal investment for both astute developers and dreamers who want to create a legacy for their family.
At a very generous 809sqm, 30 Marine Parade in Mount Maunganui, Tauranga is one of the last remaining full sites on the ever-popular Golden Mile.
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From the street, a wide frontage and schist pillars offer a spectacular first impression.
But it’s the view which is the real hero of the home.
The property is literally a hop, skip and a – oh, look at that, you’re already in the water – away from the beach.
The property, brown roof in the centre, is opposite iconic rock formations Moturiki and Motuotau (Leisure and Rabbit) Islands. Photo / Supplied
The Mount’s iconic rock formations Moturiki and Motuotau (Leisure and Rabbit) Islands are right outside, making this more than just a pretty view – it’s like looking at a postcard.
Bayleys Mount Maunganui agent Conrad Doyle, who is marketing the property with Kay Ganley, says this is a once-in-a-lifetime opportunity for someone looking to make a real impression.
“A site of this size in this location is a real rarity because a lot of full sites on the Golden Mile have already been subdivided,” Doyle says.
“Because 30 Marine Parade is zoned high density it has the potential to become home to multiple properties and be really lucrative for a savvy buyer.”
But Doyle says the world is the lucky buyer’s oyster.
There are seven one-bedroom apartments and one two-bedroom apartment, each with their own kitchenette and bathroom. Photo / Supplied
Absolute beachfront development opportunities along the Mount's Golden Mile are very hard to come by. Photo / Supplied
“This site could lend itself to one or two expansive luxury homes, perhaps four luxury apartments with wider frontages to maximise the view, or even 6-7 three-level luxury townhouses.
“The current set up could also be gutted and renovated so the buyer could enjoy their own two-bedroom apartment with incredible ocean views, and rent out the other seven one-bedroom apartments to create a significant income opportunity,” says Doyle.
Yes, you read that right.
A motel in a previous life, the property is currently set up as a two-bedroom apartment with seven one-bedroom apartments, each with their own kitchenette and bathroom.
The property was a motel in a previous life and the area’s best eateries and attractions is just a short walk away. Photo / Supplied
Big glass windows maximise the views at this Mt Maunganui beachfront property, while letting in a lot of natural light. Photo / Supplied
With the area’s best eateries and attractions just a short walk away, location is king in this part of town.
“Whether you’re after a Saturday morning walk up Mauao, Sunday morning brunch options, or a good night out, it’s an easy stroll to the best parts of the Mount – and home again.”
Doyle says 30 Marine Parade is a very special listing that will appeal to lots of different parties.
“Sales in this area have continued to rise, despite the media saying the market has turned,” he says.
The beach is literally just a hop, skip and jump away from the property. Photo / Supplied
“Really special listings will sell. Just recently, 39 Marine Parade, which was an old cottage that had been in the family for years and was on a smaller site than number 30, sold for $7.65 million.
“We expect this property to appeal to a wide range of parties who will each have their own vision for the site. We’re excited to see what comes of it,” he adds.
30 Marine Parade in Mount Maunganui, Tauranga is for sale by negotiation.
