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For Sale | Home and Income Investment Opportunity

   
Price:
$1,800,000
Property Type: Home & Income
Rooms: 10 Bedrooms, 10 Bathrooms
Living Areas: 10
Garages: 4
Floor Area: -
Land Area: 5,976
Open Home: By Appointment
Address: Wanganui East
Wanganui
Manawatu / Wanganui

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Date Listed: 9th May '18
Page Views: 679
Property ID# 2949
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
For Sale,Home and Income Investment Opportunity
   
About the Property

Lot 1 – Already on it’s new Freehold Title is a 4 bedroom 2 bathroom home with it’s front entrance overlooking the Whanganui River with its own garage. Extent of 540m2.

Lot 2 – A gorgeous and spacious 3 Bedroom 1 bathroom home with it’s ideal entertaining deck enjoying great sunshine and warmth. Extent of 569m2

Lot 3 - It’s a very unique, very private & Historical Villa (however never listed with conditions) nestled up its privately owned driveway in a park-like setting of both mature old English and flowering native trees which attract many native birds to the area.
The Villa known Historically as “Totarapuka” itself is a self contained as in 2 separate homes – A 4 bedroom, 3 bathroom en-suite home with an attached 5 bedroom, 2 bathroom home and also a Garden 1 bedroom flat. Extent of 1951m2

Lot 4 – An 8 (possibly 9) roomed Motel. Extent of 2540m2

Lot 5 – 2 x 1 Bedroom Flats one having its own garage – Possible ownership with the owner living in one and having income from the second Flat. Extent of 471m2

It’s someone’s opportunity to purchase a fantastic business (with the potential to grow even further), in a fabulous location.
Over the years we have run this property as a Home Stay for International Students, Motel Business, Boarding House all as accommodation for our many overseas & local guests and also, with the addition of the houses as semi-permanent rentals, or as holiday accommodation for up to 14 self-contained persons in the 5 bedroomed house.
The property is sheltered from the prevailing winds, its a safe playground for children while great for wandering along the Whanganui River and local streams.
The primary dwelling is our own Totra home (actually known as Totarapuku which was originally built in 1839 for Sir Andrew Duncan) which is sited at the top and back of the 1951 sqm2 section. This home has living area, four bedrooms, three bathrooms and separate toilet. It also has a spacious office and a laundry. This house is fully insulated with heating provided by 2x heat pumps.

The second dwelling which is attached to our home. This has 5 bedrooms (able to sleep up to 13/14 persons), two bathrooms/toilets, a basic kitchen, a large living area and an outside laundry area. It’s heated with a gas heater.

The third dwelling which is also attached to the Villa and in demand for either holiday accommodation or as we have it now a semi-permanent rent. This garden flat has a large bedroom, bathroom, a small basic kitchen and dining/lounge area. It’s heated also with a gas Infinity electric heater.

The property also has two huge garages/workshops. There is plenty of off-road parking around all three dwellings. As well as this there are a number of garden sheds.
Although there are 3 houses, 3 Flats & The Motel of 8 units on this property, for someone wanting to expand this business there is ample room to build another dwelling. This potential building site is presently used as an open playground area for guests to enjoy. Plans are on file for this and another build of more than 4/8 more units on Lot 4.
Wanganui City is only across the river and a short 10 minute walk away..
This property lends itself perfectly as a venue for weddings, family reunions, small conferences etc (this with a Marquee erected). There is huge potential to expand well beyond what we are doing at present within this fabulous location. All chattels will be included in the sale as we currently have a number of forward bookings.
If you are over the rat race and wanting a lifestyle change with the opportunity to meet many interesting people while making a very good income from home in an idyllic location, then you will be very hard pressed to go past this unique piece of paradise.
If you require any further information or photo’s please just give us a call.

021 107 1719
Email: [email protected]

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Contact the Owner
Owner: Genevieve Clements

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Telephone Mbl: 0211071719
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