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1370 East Coast Road, Redvale, Rodney

Potential Plus

dollar

Negotiation

Section
Lifestyle property
Bedroom
4
Bathroom
1
Floor area
283m2
Land area
5.32ha
Title type
Freehold
Garage
3
Ensuite
1 ensuite
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Property details

Listing # NLA00601 | Listed on 26 May

Price is plus GST (if any).

Notice of Requirement is issued against this property
The property is being sold plus GST (if any)

This property boasts:

The home

Spread over one level the home includes 4 bedrooms, an office, and two bathrooms. What sets this home apart is the delightful atrium centred in the middle of the home adding character and light. The home also includes 3 car garaging. The exterior is brick and was built around 2006.

The Greenhouses

3 greenhouses of approximately 3000 sq m, have been the home and retail front of the renown Tuckers Orchid Nursery. Although the business itself is not for sale, the assets and a significant amount of plants will remain as part of the property sale, providing a wonderful
opportunity for some lucky person to start their own nursery.

The Land

Currently approximately 5.1 hectares (note due to issue of Notice of Requirement, this will change) the current council zoning being Countryside Living allows for subdivision even after the approximate 1.1 hectare is taken for the motorway expansion. This can potentially be subdivided into 4 lots. A sketch plan is available. However we do advise to seek professional advice if you are
considering this aspect of the property's potential.

NB: The whole of this property is affected by the NOR (notice of requirement) issued in respect of the future expansion of the Albany to Silverdale Motorway. No:1370 East Coast Road is being marketed to support an application for an order made under section 185 of the Resource Management Act 1991(RMA) that the NZ Transport Agency acquires the whole of No: 1370 East Coast Road. Section 185
(3)(A) RMA requires the vendor to market No: 1370 East Coast Road at the value it would have had, had it not been made subject to the notice which has blighted its value.

If further information is sought on the Notice of Requirement, consult with your solicitor as we were not qualified to give any legal advice.

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