Positioned within one of Tauranga's key growth corridors, 19 Hairini Street presents a substantial 3,972m² Residential-zoned landholding offering an exceptional combination of immediate income, accommodation scale, redevelopment potential and long-term strategic value.
Currently operated as a motel under an annual management agreement, the property provides holding income while retaining flexibility for future repositioning, expansion or redevelopment.
Accommodation improvements include:
• 4 x two-bedroom harbour-view apartments
• 3 x one-bedroom units
• 2 x two-bedroom ground-floor units
• 4 x studio units
• 1 x three-bedroom unit (tenanted)
• 3 x two-bedroom cottages (tenanted)
• 1 x three-bedroom, two-bathroom manager's residence
In total, the property comprises 18 accommodation units plus a manager's residence, providing multiple income streams and accommodation appeal.
Potential opportunities include:
• Continued operation as a motel or accommodation business.
• Medium-density residential redevelopment, potentially with adjoining vendor-controlled land.
• Intensification of existing improvements, including redevelopment of central communal areas for additional accommodation or residential buildings, with future unit titling potential.
• RSE accommodation, capitalising on strong demand throughout the BOP.
• Transitional, community, iwi-supported or social housing initiatives.
• Government-backed accommodation investment through Community Housing Providers and similar programmes.
• Potential appeal to offshore investors exploring New Zealand residency-linked investment structures.
The combination of accommodation scale, residential zoning, strategic location and redevelopment flexibility creates a rare Tauranga opportunity. Whether acquired as a going concern, landbank, redevelopment project, worker accommodation facility or long-term housing asset, 19 Hairini Street offers multiple pathways for future growth.
https://www.propertyfiles.co.nz/property/19-Hairini-Street
