Mt Maunganui 590 Maunganui Road
Deadline Private Treaty 19th March
Prime Investment Opportunity
Get your foot in the door, or make your mark and reap the attractive benefits along the way with this fantastic opportunity. Currently generating a weekly intake of $920 with the possibility to maintain the existing rental agreement, this property provides a lucrative starting point while you ponder any future plans. With a prime position in a visible Mount Maunganui location, the options to explore commercial/business conversion options with the necessary consents, are also abundant.
Perched on a generous site in Mount Maunganui, the home spans two storeys. The lower level comprises four bedrooms and a utility area, and you'll find an additional three bedrooms up top, the kitchen, living, plus an outlook across neighbouring rooftops. Off-street parking is generous, catering for multiple residents, guests and the beach toys alike.
A garage/annex exists to the rear offering a consented bedroom and bathroom and caters to options suiting various living situations and guest overflow (the garage is currently set-up as an unconsented living area). If you're power tool savvy or a design visionary, this gem packs a punch with unrealised potential.
This prime location is a drawcard for keen golfers and sits mere moments from the greens. Retail and commercial hubs, schooling, and speedy arterial route access are all within easy reach.
Whether you already have a project in mind or are looking to add to your investment portfolio, this is your moment to seize. Will be sold as is where is.
Property ID:
EPA19442
Legal Description:
Lot 1, DPS 77864
Year Built*:
1962
Exterior Construction:
Concrete Block, Weatherboard - Timber, Mixed
Roof:
Corrugated Iron, Iron
Joinery:
Wooden
Land Area:
409 square metres (approx)
House Area*:
200 square metres (approx)
Bedrooms:
7
Chattels:
Fixed Floor Coverings, Light Fittings, Heat Pump x3, Oven - Wall (as is), Hob - Electric (as is)
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.
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