When markets become uncertain, buyers tend to look for two things: income and assets they trust. This property delivers both.
11A & 11B Kaniere Street offer something increasingly difficult to find: three established rental dwellings across two cross-lease titles, producing a combined $2,170 per week - $112,840 per annum (approx).
The location is a major part of the appeal. Positioned in Mount Maunganui, the property sits within easy reach of the beach, Bayfair, schools, arterial routes and the wider employment base of Mount Maunganui and Tauranga. It is the sort of location that consistently attracts tenants because it works for families, couples and workers wanting to live close to everything.
11A returns $850pw, 11B $620pw and the third dwelling $700pw, with all three Healthy Homes compliant and substantial recent expenditure already completed across the property.
The configuration also creates options beyond a conventional investment. For extended or multi generational families, buyers pooling resources, or those wanting to live in one dwelling while retaining income from the others, the flexibility here is difficult to replicate.
For investors chasing yield without abandoning asset quality, this is a rare combination: strong cashflow, broad tenant appeal, multiple use flexibility and Mount Maunganui real estate underneath it all.
At a time when buyers are searching for both return and security, opportunities like this deserve attention.
Two titles. Three incomes. $112,840 per annum (approx). Mount Maunganui.