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 of: 1,355sqm
- 10 car parks
- Superb Mount location
- Diversified income stream of: $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