104 Marine Parade

Inquiry Welcomed From $1,195,000
Supercharge your property portfolio! Beachside properties within commuting distance of a
major city have been proven to out-perform the market by a country mile. On Waiheke
Island or Mount Maunganui you will now pay many millions of dollars to park yourself
across the road from the beach. The Kapiti Coast, just 40 minutes from Wellington CBD
has been the exception ...but that is changing. New Zealanders are waking up to this
hidden gem with its safe swimming beaches, cafe culture, cycle trails - as well as all the
usual amenities.

Here's a great deal for all you visionaries out there: Straight across the road from beautiful
Paraparaumu Beach on a full site of over 800 square meters sits this six-bedroom two-
lounge house. The views are the kicker with this property: Kapiti Island, Marlborough

Sounds, right around to Mana Island – sensational. Hard to find better!
The house is big – it is one house configured as two seperate 3-bedroom homes, one atop
the other, with the downstairs one only having a kitchenette rather than a full blown
kitchen.

It was built back in 1966 when houses were built well – but it is dated, and long overdue
for some refurbishment. It lends itself to many options. You could live in one level while
doing up the other, you could run it as a B&B with half of it or all of it. You might want to go
up another level for views that are even more expansive. You might want to subdivide and
build new on the front. But even if you do nothing except for a few repairs and
maintenance you will sleep soundly knowing you are sitting on prime real estate, with the
value only going in one direction – upwards!

We're kicking this off at a very reasonable $1.25m – that's just $75k above RV (a house
nearby with similar views just sold at 46% over RV). Interest rates are dropping and the
market is warming up. Properties like this are the stuff of dreams. They don't come along
every day, and they always represent great long term appreciation – well above the
average. Come and check it out.

Owner may consider a smallish lifestyle property in the BOP with garaging for 10 cars and
a small house – cash either way. Owner may also consider a fully restored classic car as
part payment.

LIM & Builders available