Half Moon Bay - Prime Development Opportunity in Half Moon Bay

Description

Property Details:
Capital Value: $1,500,000
Land Value: $1,450,000
Improvement Value: $50,000
Floor Area: 90 m²
Land Area: 600 m²
Exterior: Fibre Cement
Bedrooms: 3
Building Age: 1970-1979
Property Highlights: Discover the potential of this exceptional property located at 12 Kereru Place, Half Moon Bay. The 3-bedroom home, set on a spacious 600m² section, offers a value development opportunity.
Key Features:
Subdividable Section: This property can be subdivided into 3-4 lots, allowing for the construction of free-standing houses, duplexes, or even terrace houses.
Road Frontage: Situated on a developer's favourite road frontage section, ensuring maximum visibility and accessibility.
Comparable Projects: Take inspiration from the successful development on the next street at 4 Medina Place, which features four attached three-bedroom houses, now under construction.
Whether you're an investor, developer, or seeking your next project, this property offers the ideal foundation for your vision.