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Land banking, redevelopment, new luxury build, multiple income streams, blue-chip location, top school zones. Whatever opportunity you’re searching for, the numbers really stack up here at 130a and 130b Valley Road, an elevated full site in one of Mount Maunganui’s most popular family streets.
Currently home to a 1960s brick residence split into a pair of two-bedroom units, the 824sqm (more or less) site has already been converted into two cross-lease titles. The two rentals are well-maintained with modern refurbishments and produce a solid income stream in a neighbourhood renowned for high accommodation demand.
The options here are endless. A new build could make the most of the large site, capitalising on the lifestyle location, the morning surf, easy walk to school and close community with laid back vibes. The site’s elevation is rare in this street and offers the opportunity to capture spectacular views of Mauao.
Buyers with an eye on increasing their rental portfolio will see the gains this readymade investment could produce, while developers will also see the profit potential.
Dual property listings such as this are extremely rare in this stretch of Mount Maunganui. Surrounded by high quality homes and just a short stroll to the beach, this location is tightly held and exclusive. Another opportunity like this is unlikely to come along soon, it’s your chance now - call Richard or Rebecca to make the most of it.
