Absolute Beachfront Investment with Dual Income Potential

With a current CV of $2,200,000 and now priced at $1,390,000 (+ GST if any), this absolute beachfront property represents a compelling investment opportunity with strong underlying value and multiple income streams.

Positioned on the front row of Ōhope Beach and zoned Mixed Business under the Whakatāne District Council District Plan, the property offers flexibility that is increasingly difficult to secure in such a tightly held coastal location.

At the front, the commercial premises is currently leased at $500 per week + GST, providing immediate holding income. To the rear, the residential accommodation has a rental appraisal of $650 per week, offering the potential to complement the existing income stream and creating a combined return of approximately $60,000 per annum.

This dual-income setup provides options:

- Hold as a passive investment with multiple income streams

- Live on-site (beachfront!) while benefiting from commercial rent

- Maximise returns through tenancy arrangements

The residential dwelling offers three bedrooms plus a bonus room, seperate bathroom + toilet + laundry with clear scope to modernise and add value over time.

Outdoors, the huge 1872m2 site allows for additional parking and takes you through the mature trees right onto the sand.

Located within walking distance to cafés, Four Square, schooling and reserves, this is a location where demand remains consistently strong.

Previously offered at $1,800,000, the repositioning to $1,390,000 (+ GST if any) presents a significant opportunity well below CV.

Secure the income. Hold the position. Capitalise on the upside.

Contact Sharnika Dowthwaite to view.