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4 Pamir Place & 64 Victory Street, Welcome Bay, Tauranga

Auction, 24 Sep 2026 11:00

4

2

232m²

1,502m²

High Returning Childcare Investments

Auction Location: Mercure Hotel Tauranga

Seldom does the market present a dual-property childcare investment in a thriving residential pocket of Tauranga. Offered together, 4 Pamir Place and 64 Victory Street, Welcome Bay represent a compelling combination of high net returns, long-term tenure and strong underlying asset values.

Both properties are residentially zoned and fully consented for 58 children and leased with six-plus years remaining on the current lease term. The lease over both properties deliver a current net rental of $122,650 per annum, with built-in rental annual CPI growth providing further upside over the lease period.

Both properties are well maintained and offer genuine ease of ownership - a long-term lease where the tenant pays all usual outgoings including rates and insurance and high returns with minimal management demands.

For the residential investor seeking quality cashflow backed by appreciating land assets in a good residential area, this dual-property opportunity deserves serious consideration. Properties of this nature, with this combination of tenure and high net return, are rarely offered to the market.

Contact Simon or Duncan today for more information.

For Sale by Auction at 11am, Thursday 24th September 2026 at the Mercure Hotel Tauranga (unless sold prior)

Features:

• 4 Pamir Place: 122m² floor area on 811m² land

• 64 Victory Street: 110m² floor area on 691m² land

• Current net rental: $122,650 p.a. + GST & outgoings

• Six-plus years remaining on current lease term

• Established childcare tenant with substantial covenant

• Both properties fully consented for 58 children

• Residentially zoned with high underlying land values

• Built-in rental growth with high net returns

Additional details

Type

House

Property ID

RX5244753

Listed on

26/08/2026

Updated

an hour ago

Auction1

Thu, 24 Sep

11:00AM

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Listed for sale on OneRoof for 1 days (last updated on 26 August). There are 18 4-bedroom properties for sale nearby. There are 66 properties for sale in Welcome Bay.

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Welcome Bay, Tauranga

Welcome Bay is a suburb which lies within the Territorial Authority of Tauranga, one of 24 residential suburbs which form the wider region. Welcome Bay is the 4th largest suburb of Tauranga in terms of the total number of residential housing stock. Welcome Bay provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1910 - 1919. The majority of the residential housing stock in the locality was constructed between 1990 - 1999. Residential housing stock in Welcome Bay is made up of approximately 89% residential housing , 2% residential investment housing and 10% lifestyle properties.

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