Ray White Timaru

We have a committed, passionate and knowledgeable team that are able to help you, whether you are interested in buying, selling, renting or our property management services within the Timaru area.
As part of one of the largest real estate service providers in Australasia, we have access to fantastic systems, training and support. This is combined with our own local knowledge and dedication to providing the best quality service in Timaru to our vendors and clients.

Ray White Timaru
Michelle Greer Real Estate Ltd Licensed (REAA 2008)

Real Estate Services

Ray White Timaru
Michelle Greer
Ray White Timaru
32 Church Street
Timaru 7910
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Listing #:
TIM30477
Listed:
113 days ago

Price by Negotiation

Million Dollar Bay Views

1-7/1A Wai-iti Road, Maori Hill, Timaru
Residential House
bedroom
11 Bedrooms
bathroom
6 Bathrooms
floorarea
280m2 Floor Area
About this property
Options to buy individuals or buy them all. This is a rare opportunity to secure front-row seats overlooking our beautiful Caroline Bay. Enjoy the ever-changing, jaw-dropping views of the ocean, city and port. Never a dull moment here. Meander along the boardwalk for a sunset stroll. Grab breakfast or a coffee from our great local eateries. This retro delight was constructed by Lunds in the heyday of the 1960's. Reap the returns with 2 units currently Air BnB's and the others have full occupancy with periodic tenancies. This would be a king piece in an investment portfolio. Retain or Land bank for future developments. 7 units, 6 with 2 bedrooms and a one-bedroom apartment. All with great views and an outlook to live for. Options to keep a couple and live on-site with an income flow. Renovate to high-spec apartments and increase the returns. Dont delay affordable apartments on a site like this are rare. Secure now as this opportunity won't last.

Flat 1 CV: $315,000
Flat 2 CV: $315,000
Flat 3 CV: $350,000
Flat 4 CV: $330,000
Flat 5 CV: $330,000
Flat 6 CV: $340,000
Flat 7 CV: $310,000

Please be aware that some information has been sourced from Property Smarts and we have not been able to independently verify the accuracy. Land and floor area measurements are approximate and boundary lines are indicative only.
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