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350 Maunganui Road (Units 1-10), Mt Maunganui, Tauranga, Bay of Plenty, 16 Bedrooms, 10 Bathrooms, House

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350 Maunganui Road (Units 1-10), Mt Maunganui, Tauranga, Bay of Plenty

16
10
10
HouseListed on Fri May 12
school zone

Mount Maunganui 16 Bedroom Prime development or landbank opportunity

Located in a high-demand area with strong growth prospects, 350 Maunganui Road is an attractive investment opportunity on the doorstep of downtown Mount Maunganui.

Ripe for development, it is an excellent opportunity for investors or developers to acquire a central parcel of land with a holding income.

The current income stream is $241,800.00 per annum. The property's central Mount location ensures strong demand for tenants.

This prime site spans 1,355 square metres which currently houses 10 units plus 10 car parks.

The property consists of:

4 x 1 bedroom units

5 x 2 bedroom units

1 x 2 bedroom unit + office

The site is zoned high density residential making it a versatile investment that can accommodate a range of commercial activities.

Features:

• Total site area: 1,355sqm

• 10 carparks

• Superb Mount location

• Diversified income stream: $241,800.00 per annum

• Zoned: high density

• Investment with development options

• Future development site

• Great investment potential, options for rental income or capital appreciation

• Trade options considered

• Vendor finance options available

Please contact the Harcourts sales consultant below to arrange a viewing.

To view documents relating to this property, please visit: https://www.harcourts.co.nz/MM5836#documents

Location

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School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Mount Maunganui Primary School
1.16 km
Primary
1-6
Government
Co-Educational
EQI: 403
9
Mount Maunganui College
2.72 km
Secondary
9-15
Government
Co-Educational
EQI: 456
6
Mt Maunganui Intermediate
3.19 km
Secondary
7-8
Government
Co-Educational
EQI: 445
6

For developers

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Title:-

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Ref:MM5836Last update:2024-12-11 09:55:49