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Units 1-4, 121 Te Heuheu Street, Central, Taupō

Auction, 10 Apr 2026 16:00

8

4

336m²

1,015m²

Strategic landholding with immediate cashflow

Auction to be held at 4:00pm, Friday 10 April 2026 (unless sold prior)

44 Roberts Street, Taupo

Positioned on a high profile corner site on the fringe of the Taupō CBD, 121 Te Heu Heu Street presents a compelling opportunity to secure a multi tenanted residential investment in one of the town’s most strategic locations.

Comprising four well proportioned two bedroom units, each approximately 84sqm in size with dedicated carports, the property is held on crosslease titles representing a quarter share of a substantial 1,016sqm (more or less) site.

All units are thoughtfully configured with north facing living areas positioned at the front, capturing natural light and providing warm, inviting interiors that appeal strongly to long term tenants.

The complex is well managed and well presented, with four established long term tenants currently in place. Together, the units generate a combined rental income of $2,160 per week, providing immediate cash flow and stability for investors* seeking reliable returns in Taupō’s tightly held rental market.

Location is the true standout. Sitting on the corner of Kaimanawa Street and Te Heu Heu Street, the property enjoys exceptional accessibility and visibility. Being just moments from the commercial, retail and hospitality hub of central Taupō ensures enduring tenant demand, while also underpinning long term land value.

Beyond the existing income stream, the 1,016sqm (more or less) site opens the door to future upside. Investors* may choose to implement a staged modernisation programme to enhance rental returns and capital value over time. Alternatively, the scale and positioning of the land offer genuine redevelopment potential (subject to Council approval), making this a strategic landbank opportunity in a premium central location.

Multi unit investments of this calibre, combining immediate returns with long term development potential in the heart of Taupō, are rarely available. 121 Te Heu Heu Street is a smart acquisition for the forward thinking investor seeking both security and growth.

*Subject to the property complying with the Residential Tenancies Amendment Act 2020 for the purposes of a rental investment.

Additional details

Type

House

Property ID

2656120

Listed on

06/03/2026

Updated

2 hours ago

Auction1

Fri, 10 Apr

04:00PM

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Listed for sale on OneRoof for 1 days (last updated on 6 March). This property has appeared in 919 searches in the last 30 days. There are 10 8-bedroom properties for sale nearby. There are 76 properties for sale in Central.

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Taupō, Taupō

Taupo is a suburb which lies within the Territorial Authority of Taupo, one of 32 residential suburbs which form the wider region. Taupo is the largest suburb of Taupo in terms of the total number of residential housing stock. Taupo 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 1960 - 1969. Residential housing stock in Taupo is made up of approximately 95% residential housing and 5% residential investment housing properties.

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