1,200 sqm; Flat Section - Massive Upside Potential
Rental Appraisal: $580 - $630 per week
The seller's instructions are crystal clear: This property is surplus to requirements and will be sold. Investors, syndicates, and cash-flow buyers - this is your invitation to bring all offers and tell us what price makes the numbers work for your portfolio.
The Investment Case: Strong Holding Income: Appraised at $580-$630 per week, offering a competitive ~ 5.4%-5.8% gross yield at the $560,000 mark. Or make the numbers work for you.
High-Demand Outbuildings: Features an extra-long, drive-through tandem garage plus a separate fitted workshop/shed - a major drawcard for tenants needing serious storage or workspace.
Spacious Layout: Open-plan living with soaring high ceilings and indoor/outdoor flow to covered outdoor spaces.
The Real Value: 1,200 sqm + Flat Canvas
Rare, sprawling flat section offering substantial land area in a central pocket.
Ample space to add value or explore secondary revenue streams-add a granny flat, minor dwelling, or tiny home to significantly lift your total return (subject to council due diligence).
A strategic landbank opportunity with scale on your side.
Location & Convenience: Walking distance to local supermarkets, pharmacy, medical centre, and schools.
Just ~6km to Whangarei CBD and on the gateway to the Tutukaka Coast.
The owner is not testing the market- Bring your numbers, bring your terms, and present your offer today.
Surplus to Requirements - Bring All Offers!
The vendor has issued clear instructions to sell. We are inviting all active buyers to submit their offers and name their price.
www.rwwhangarei.co.nz/WHC39382
