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 $259,480 per annum. The property's central Mount location ensures strong demand for tenants.
This prime site spans 1355 square metres which currently houses 10 units plus 10 carparks.
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: 1355 sqm
- 10 carparks
- Superb Mount location
- Diversified income stream of: $ 259,480 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
Contact the Harcourts sales consultants below today to arrange an inspection or for more information on this unique opportunity.
To request documents please visit Harcourts:https://harcourts.net/L35967284
