Tiny bach, big investment
When former Hamilton nurse Esme Carbon bought a small beach house at Mt Maunganui for 4600 in 1964, her father rebuked her for buying such a place "in the back of beyond".
Tuesday, March 1st 2005, 5:29AM
by The Landlord
Yesterday the basic fibro bach with magic views on a 1583sq m site stretching from Oceanbeach Rd to the seafront was passed in at auction at $3.07 million.Miss Carbon, who died last November, had little idea what her investment along Mt Maunganui's "golden mile" was worth in her later years. Her intention all along had been to bring pleasure to three generations of her family who holidayed there for 40 years.
Last Christmas was their final summer sojourn, said niece Heather Watson who, with her brother and sister, inherited the property from their unmarried, childless aunt.
"She was a wonderful woman, one of those people who brought pleasure to others," Ms Watson said.
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