One of the last empty beachfront sections on Thames Coast Road sells for $820,000 & More Trending News

 

The new house owners of 902 Thames Coast Road. From left: Doug and Gail Nicholson and Joanne and Alan Nicholson.

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A South Waikato household celebrated shopping for an empty beachside part in the Coromandel by tenting on it of their motorhome simply hours after successful the fast-paced public sale for $820,000.

The sought-after part on Thames Coast Road attracted 10 registered bidders and a complete of 34 bids when it was referred to as for public sale at Harcourts Thames’ packed public sale room on Friday.

Bidding on the 1179sq m part, described as the last beachside part in Te Mata, began at $300,000 earlier than swiftly leaping as much as $500,000.

There have been solely two bidders neglected of the 5 lively bidders as soon as it handed the mid-$600,000s. Bidding on the property paused at $725,000, and the public sale resumed at $820,000 and was declared bought.

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The property had an RV of $475,000 and, in response to OneRoof data, last modified palms in 1997 for $125,000.

Harcourts Gold Real Estate itemizing agent and auctioneer Steven Bridson stated the value began rising so shortly at the starting that some individuals didn’t also have a likelihood to get their palms up quick sufficient to bid.

The uncommon part was regarded as the last beachside part in Te Mata, simply three doorways down and throughout the street from the seaside, the place the iconic driftwood picture body and Christmas tree stand.

Bridson stated the 1179sq m part, with a 90sq m shed tucked in the back-right nook, had attracted loads of curiosity from individuals over 50 trying for a vacation dwelling.

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“It’s on that stretch of Te Mata, that prestigious, desired, proud neighbourhood,” he stated

“The sunset is so special. About it – it’s the east coast, but with a west coast sunset and orange skies.”

The 1179sq m section had an RV of $475,000.
The 1179sq m part had an RV of $475,000.

The new house owners are a household from Tokoroa and have already got a vacation dwelling in North Coromandel, however have been trying for one thing a bit nearer to dwelling, he stated.

“They sort of joked about that – it’s their stop-off point, and they will decide whether they will continue further.”

Within hours of successful the public sale, the delighted sellers had given permission for the new house owners Doug and Gail Nicholson and Alan and Joanne Nicholson to park their motorhome on the part so they might take pleasure in their win on-site.

“The auction was at 11am. When it finished, they left, and an hour later they were already setting up camp on the site. The fishing drone launched that afternoon.”

They later loved a meal at the native Royal Oak Hotel in Tapu, too.

The new house owners are initially seeking to construct a utility or transportable dwelling on the part, which at present has an ‘as is, where is’ effectively and long-drop, he stated, and so they advised him it could be a vacation pad for enjoyable in the solar and a spot to create reminiscences.

In an uncommon transfer, Bridson held open properties for the part to indicate potential patrons the boundaries, and in addition erected the largest actual property signal on the part to seize the consideration of holidaymakers travelling via.

“I have a lot of cashed-up buyers who missed out, wanting something special up the coast for themselves. I’m now on [the] hunt for another.”

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One of the last empty beachfront sections on Thames Coast Road sells for $820,000

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