A rare chance to secure a substantial income-producing asset, positioned on flat a freehold section close to Bayfair in Mount Maunganui.

With 8 bedrooms, 3 bathrooms, 2 lounges, a full kitchen plus a kitchenette, and a separate laundry, this property has a long term proven rental history and is currently returning $920 per week with a variety of extra options open to a savvy investor. Opportunities to explore a commercial conversion with necessary consents are also possible.

Configured as 4 bedrooms downstairs with a utility room, plus 3 bedrooms upstairs, full kitchen and bathroom, plus a large open plan lounge and dining room. There’s a further garage space with bathroom and bedroom offering an extra area to use as you wish. The entire property is Healthy Homes Certified with three heat pumps for all year-round comfort.

Multiple off-street car parks – as many as seven – are gold in this location. This property is an easy commute to the local golf courses and beach.

Will be sold as-is where-is.

Rates: $3,793.40

Land: 409m2

Floor: 200m2

Age: 1960’s

CV: $880,000

LV: $455,000

IV: $425,000

For the Property Information Pack email Tanya Dunham, tanya@tdrealty.co.nz

Viewings are every Sunday from 12 noon to 12.45pm. Please respect the tenants’ privacy at all times. Thank you.

PLEASE NOTE: The technical info provided (incl. the floor & section sizes) has been sourced from organisations such as RPNZ, LINZ, Property Smarts & Tauranga City Council or Western Bay of Plenty District Council; these are broad guides for general information only. They are solely intended to provide a general understanding of the subject matter & to help you assess whether you need more detailed information. We recommend you seek your own independent advice on everything material to your purchasing decision.