46 Malfroy Road, Victoria, Bay of Plenty

SoldJul 10, 2025

46 Malfroy Road, Victoria, Bay of Plenty

Amount undisclosed

320 m²

1476 m²

Unit

•

30+ days on the market

Sold: Jul 10, 2025

What's around 46 Malfroy Road

Prime Central Investment Opportunity

With excellent returns. Attention investors and developers! Don’t miss this exceptional opportunity to secure 9 studio rental units on a spacious 1,476m² freehold site, perfectly positioned in a central location. These units are currently generating over $150,000 annually in rental income, with the potential to increase returns to $175,000 per year. Key features: • Covered Parking: Each unit comes with its own covered parking space, a valuable feature for tenants. • Convenient Location: Easy walking distance to the central mall, supermarkets, and schools. Added Opportunity: The property also offers the unique option to maximize your investment by purchasing the adjoining property at 33 Seddon Street – a 3-bedroom home on a separate freehold title (for a total of 2085m2). This additional property currently generates an extra $32,500 annually, creating the potential to own the entire block between Malfroy Rd and Seddon St. Whether you’re looking to expand your portfolio or explore development possibilities, this is a rare chance to secure a high-performing asset in a sought-after location with good future prospects. Opportunities like this don’t come around often. Contact me today for more information or to register your interest. To access the Property File, LIM Report and other information on this property please copy and paste this link into your browser: https://www.propertyfiles.co.nz/property/RT04166

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Buyer's review

9 months ago

Verified Review

Karl cares!

Karl was instrumental in getting our purchase over the line. He is an incredible communicator both in terms of providing information and general and timely updates. He wasn't pushy or rude like so many in the industry. We would buy or sell with Karl again in a heartbeat.

Buyer

Seller's review

8 months ago

Verified Review

Very experienced well rounded & supportive real estate agent

Karl knows his market here in Rotorua with a solid pre-marketing appraisal and summary of expectations going forward, especially with the project we asked him to market & sell. Getting a contract in place at the listed asking price and also having a "back-up" offer whilst continuing to field inquires speaks well for his knowledge and market experience. Karl also stepped forward assisting with a tenancy issue at changeover to ensure all went as agreed and planned with a successful conclusion being achieved for all those directly involved.

Terry And Diane Kendrick

Seller