SoldJul 4, 2025

503 Otumoetai Road, Otumoetai, Bay of Plenty

$1,460,000

13
3
286 m²
660 m²

House

30+ days on the market

Sold: Jul 4, 2025

What's around 503 Otumoetai Road

Cash Positive Investment

Price is exc GST. This is your opportunity to own a home and a business in an outstanding location. Currently returning over $4500 per week as a boarding house, the home offers a rare opportunity to gain a very attractive yield. Featuring 13 bedrooms plus an office and 3 bathrooms with a separate toilet facility, the dwelling was formally a rest home for the retired, the property has recently been operating as boarding accommodation for over 50's. Annual Fire safety and Building Warranties in place to ensure long term protection and to make your investment transition even easier, the purchase for this property comes with all furnishings, fittings and boarding agreements in place. Easy commuting with Beach Road, Cherrywood Shopping Centre, Local schooling of all levels and Bus routes within walking distance and an easy commute to arterial routes to get you to the larger town centres. For more information please visit the link - https://rwbayfair.co.nz/BYF31978

Looking for more information on 503 Otumoetai Road?

Explore comparables, sales history and growth for this property.
Learn more

Seller's review

10 months ago

Great agent

Billy and Bella a fabulous team and worked hard to get a sale over the line on my unique commercial boarding house in Otumoetai, Tauranga. Billy was in touch regularly, dealt with a lot of different moving parts throughout the process, and was fun and approachable to deal with. Billy is very proactive in his approach to marketing, and was very good at bringing a number of offers throughout the duration of the time the property was on the market. Eventually Billy secured a great price for the house in an economic recession $$ environment, with fabulous buyers and a great outcome. I highly recommend Billy and his team as friendly, approachable people who know how to sell a home. Highly recommend.

S
Seller

Contact

© 2026 RateMyAgent