350 Maunganui Road

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 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.

Contact us today to arrange an inspection or for more information on this unique opportunity.

Features:

• Total site area of: 1,355sqm

• 10 car parks

• Superb Mount location

• Diversified income stream of: $241,800 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

Units 1 - 10/350 Maunganui Road, Mt Maunganui, Bay of Plenty, 3116

Price by Negotiation