Welcome to 114 & 116 Valley Road and 95 Douglas Street, Whakatane - an exceptional opportunity for investors and developers alike. This substantial 2,882m2 freehold property, spread across three individual titles, offers impressive returns, strong occupancy history, and future development potential in one of Whakatane's most desirable locations.
Key Highlights:
- $304,000 Annual Rental Income - proven cash flow from existing long-term tenants
- 18 Units in Total - comprising 17 studio units and 1 one-bedroom unit
- Three Freehold Titles - flexibility for future resale or staged development
- Total Land Area: 2882m2 - generous landholding in a central, high-demand area
- Prime Valley Road Address - close to key amenities, transport, and lifestyle options
- Self-contained Living - each unit includes its own kitchenette, bathroom, and private courtyard
- Secure and Comfortable - well-maintained complex offering a peaceful living environment
- Consistently High Occupancy - strong rental demand with long-term tenants
- Professionally Managed - hands-off investment with reliable management in place
- Value-Add Potential - room to enhance income or explore redevelopment options (subject to council consents)
- Genuine Sale - motivated absentee vendor is ready to meet the market
This is a rare chance to acquire a proven positive cash flow asset with tangible upside. Whether you're seeking a stable long-term income stream or planning a future development, this property is well positioned to deliver.
Enquire today to request an information pack or arrange a private viewing.
