Mortgagee Sale Mortgagee Wants Action - Present All Offers!! This is a great opportunity to secure yourself a piece of fabulous Sailors Grave (Te Karo Bay) with its beaches, surfing, fishing, walking or just lazing about. All this is available from a 2975 sq metre coastal section which is just a hop, step, and jump (approx 200 metres) across the road, through the Pohutukawa Grove Reserve and down on to the white sandy beach. It has a capital value of $372,000 as at June 2006. The site has a private level house site set amongst natural surroundings that takes full advantage of native bush and birdlife. It also is adjacent to the Punaruku Stream which meanders down to the beach. With Tairua only 10 minutes or so down the road this site has the advantages of shopping etc nearby but being able to relax and enjoy the peaceful surroundings away from the crowds.