1-5/5 Balmoral Terrace, Otumoetai, Bay Of Plenty

1-5/5 Balmoral Terrace, Otumoetai, Bay Of Plenty Invest, land bank or develop!

5 Balmoral Terrace is a unique opportunity in a fantastic Tauranga location. It is an excellent opportunity for investors or developers to acquire a central parcel of land with a holding income. The property's central location ensures strong demand for tenants.

This prime site spans 1660 square metres which currently houses 5 two bedroom units each with a carport and storage unit.

* Great location

* Add-value potential

* Great land bank opportunity for future development

* 5 units on individual titles

* Total freehold land area: 1660sqm

* Space to add additional units

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

Please contact the Harcourts sales consultants below for further information.

Auction Thursday 30th May 2024 at 11:30am (unless sold prior) Harcourts Auction Rooms, 1 Third Avenue, Tauranga

To request documents please visit Harcourts:https://harcourts.net/L27685332