Residential Sale – Teouma Heights, Efate Island
Teouma Heights, Efate IslandBasics
Description
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Description:
Bargain residential investment & development opportunity. Expand exiting house from 2brm to 3-4brm. Build 2-3x more new houses, rent, invest, sell. Contact Sales@iProperty.vu
Built in 2014 this relatively new home would tidy up easily.
Add extra rooms, or a new separate dwelling... there are many options and a lot of land to work.
Building floor area of 346m2, comprising 181m2 eclosed and 116m2 open spaces (verandah, porch, terraces), and a 35m2 garage. (All measurements are approximate).
Land area of 4,654m2, a long and narrow shape, with a level contour and elevated position, this land ticks a lot of easy development boxes.
75-year lease expiring 15 March 2077, with 53 years remaining.
Valuation of VUV 41.3M in February 2023. Vendor seeking VUV 39.0M for a quick sale.
Built in 2014 this relatively new home would tidy up easily and quickly.
Potential to add 1-2 extra bedrooms rooms to existing 2-bedroom house.
Lease permits additional separate dwellings... there are many options and a lot of land to work with.
- Existing House building floor area of 346m2, comprising 181m2 eclosed and 116m2 open spaces (verandah, porch, terraces), and a 35m2 garage. (All measurements are approximate).
- Land area of 4,654m2, a long and narrow shape, with a level contour and elevated position, this land ticks a lot of easy development boxes.
75-year lease expiring 15 March 2077, with 53 years remaining.
Seeking offers.
Contact: Sales@iProperty.vu | +678 23455
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Location
Building Details
- Garage spaces: 2