12 Ngaio Street, West End, Manawatu-Wanganui

SoldMay 27, 2026

12 Ngaio Street, West End, Manawatu-Wanganui

Amount undisclosed

911 m²

House

•

30+ days on the market

Sold: May 27, 2026

What's around 12 Ngaio Street

About this property

With positive occupancy delivering a current return of $2,290 per week, equating to $119,089 gross per annum, inclusive of utilities. This investment offers the attractive advantages of commercial incentives within a residential framework. Refined over time to deliver a low-maintenance and highly efficient investment, this well-established boarding house presents an outstanding opportunity to step straight into a proven income stream. Consented to operate as an 11 bedroom community accommodation facility, this is a business-ready proposition, complete with plant and chattels, with a true take-the-baton-and-run appeal. The property is intelligently configured to support tenant comfort and operational ease, featuring two common living spaces, a functional kitchen area and three bathrooms. Significant upgrades have been completed over the years, including double glazing, rewiring and a new roof, ensuring the building is well maintained and efficient. A mix of single and double rooms remains consistently sought a

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Buyer's review

3 months ago

Verified Review

This team made this slightly technical transaction very easy.

Super responsive and professional. Made my job very easy.

Steven Goodey

Buyer

Seller's review

3 months ago

Verified Review

Pulled out all stops to get the result, big thanks!

They were very proactive on working with prospective buyers. The follow through was excellent. Our property was a little unique, this did not phase them and they were head and shoulders above other agents we have worked with.

Seller