Opportunities like this simply do not come along often. River View Apartments is one of Whakatane's most recognised addresses; built in the 1960s by Berg Builders, this Landing Road landmark has been part of the town's fabric for over six decades. Now, all five apartments are available together for the first time as individual stratum in freehold titles.

The hard work has been done. Each of the five two bedroom apartments has been modernised across two storeys with open plan living, dining, and kitchen areas featuring polished timber floors and original block walls that retain the building's mid century character. Glass panelled fronts connect the living spaces to outdoor areas overlooking the river. Upstairs, two bedrooms and a bathroom in each unit provide comfortable sleeping quarters. Heat pumps, modern kitchens and Healthy Homes compliance across the block mean there is nothing left to do but collect the rent.

Each unit has its own designated carport and lockup storage. The end unit also enjoys an exclusive use rear yard and additional off street parking. With an approximate gross yield of 6.5% to 7.5%, the returns speak for themselves. The block is professionally managed with affordable body corporate fees keeping overheads low and the apartments looking smart.

The location only adds to the appeal. Step out front and you are immediately on the river walkway and coastal path network; walk or cycle along the Whakatane River into town, or head towards the coast and Coastlands. The neighbouring reserve and greenspace around the Landing Road roundabout complete the picture.

A five unit block on an iconic address with the work done and the returns stacking up; this kind of opportunity rarely presents itself and still presents affordably. Enquire with Astrid on 027 380 5552 or Jessy on 0277365265 today.