Mortgagee Sale - Coastal Investment Opportunity
Blue Bay Road, Mahia Beach, Wairoa
- Proposed Usage
- Development Site
- Land Area
- 28200.00 m²
- Property ID
Tenders are being called for thirty-five lots in the forty-four lot Blue Bay subdivision in Opoutama, the gateway to the beautiful Mahia Peninsula. Seize the opportunity to revive this prime coastal development into a popular seaside subdivision. Initially completed in 2006, and having been in the hands of mother nature for several years, some maintenance work is required, however power and telephone connections and a reticulated water supply were originally installed at the boundary of each lot.
Freehold titles for each lot were issued in 2006, the road has been vested to Wairoa District Council and a community wastewater scheme is in place for the subdivision and the local Opoutama community.
Mahia is one of New Zealand's favourite holiday destinations, with great fishing and diving, world-renowned surf-breaks and beautiful beaches as well as bush walks, a nine-hole links-style golf course and the natural mineral hot pools in nearby Morere. Rocket Lab's satellite launching activities from the tip of the Mahia Peninsula have put Mahia 'on the world map', and the anticipated increase in tourist numbers may provide opportunities for short term holiday accommodation.
The hard work has been done, and a great investment opportunity awaits the astute investor.
Call Katie Bowen now for a full information pack.
Note tenders are also invited for individual residential lots.
Further details are available on bayleys.co.nz/2750569
Tenders Close 2pm, Wed 13th Sept 2017 (will not be sold prior)
10 Reads Quay, Gisborne
Mortgagee Sale Conditions Apply