8 Banff Street, Regent, Northland - Unit Sold on 20 11 2025

SoldNov 20, 2025

8 Banff Street, Regent, Northland

$1,750,000

680 m²

4224 m²

Unit

•

30+ days on the market

Sold: Nov 20, 2025

What's around 8 Banff Street

Deceased estate, multi-unit - must be sold

Deceased estate - must sell For the first time in over eight decades, this unique multi-unit property is now offered for sale by the Executors of two-family Estates. An unparalleled investment opportunity situated in the heart of a blue-chip inner-city suburb, this site has been developed in multiple stages over the years to incorporate a diverse assortment of tenancies, that has yielded consistently high occupancy rates. • Currently returning $150,800 gross per annum* • Ten individual tenancies, with nine tenanted* • One x four-bedroom unit • Three x one-bedroom flats* • Six x two-bedroom units • 680sqm total floor area • A single freehold title comprising 4,224sqm (more or less) • Zoned General Residential • All units Healthy Homes Act compliant • Opportunity to further develop and add value Centrally located, it's incredibly popular with tenants due to its proximity to Whangarei CBD, Kensington Crossing shopping centre and Health Hubs, and the stunning Mair and Deveron Parks. With clear instructions from the Executors of the Estate that this must be sold, this is a prime opportunity for savvy investors seeking a property with immense potential and diverse income streams, or for developers ready to embark on their next project. A comprehensive information pack is available on request. Contact Karl Leathley to register your interest without delay. * The addition of a further one-bedroom flat has just been completed by the Estate. This is currently vacant, but expected to be tenanted soon.

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Seller reviews

6 months ago

Verified Review

Good communication and experience

Karl assisted with sale of a deceased estate. Price closely matched guidance and communication was great even though I was located overseas. I didn't have a lot of experience with Northland market but Karl guided me through what I needed to know and was always happy to chat. Good result for a tricky and complex property. Thanks Karl!

Seller

6 months ago

Verified Review

Great Job Done re 8 Banff Street

Karl was a very professional, bright and refreshing person to be involved with. His meticulous attention to details, excellent communications and helpful explanations surrounding the R/E Regulatory compliance requirements were exceptional. He was very committed and worked really hard to achieve a satisfactory sale price for my estate client vendors. I would highly recommend him as being an agent with whom anyone would be well pleased to have act for them.

Brian-vendors Executor

Seller