UNDER OFFER - Set on the edge of expansive Monrad Park and just 1.4km from Arena Manawatu, this generously sized six-bedroom, three-bathroom home is packed with space, versatility, and value. Originally part of a working motel, it now presents a rare opportunity for families needing room to grow — or for investors seeking maximum return.
Healthy Homes Certified, $73,138 Rental Guarantee for one year provided.
Rental Estimation:
Per Week: $1,356.54 - $1,406.50 including GST
Per Annum: $70,540 - $73,138 including GST
Estimated Gross Yield 10.5% -10.8
Set across two levels, the layout offers incredible flexibility. Each floor includes its own kitchen, with the downstairs area featuring an office and multiple living zones. Upstairs, a balcony overlooks a sunny private courtyard, while ample built-in wardrobes and storage spaces throughout the home ensure practicality matches scale.
This is an ideal setup for multi-generational living, a home-and-income scenario, or a high-yield rental investment. The internal-access garage and additional off-street parking add even more functionality.
A short 15-minute walk to New World Pioneer, five minutes by car to Pak’nSave and The Square, and walking distance to both Monrad Intermediate and Te Kura o Takaro Primary School — location doesn’t get more convenient.
For buyers seeking a large home with serious upside in a popular city setting, this one is hard to overlook.
Overview:
Tenancy 1: Downstairs Office at $337 per week, $17,500 per annum, leased periodically.
Tenancy 2: Downstairs, currently vacant, $500 per week.
Tenancy 3: Upstairs, leased at $580 per week.
All above, including GST
Suggest all parties rely on their own technical, professional and financial investigations of this property.
