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503 Otumoetai Road, Otumoetai, Tauranga

Deadline Sale (unless sold prior)

286m²

660m²

Money, Money, Money Money, MONEY!

This is a truly once in a lifetime investment opportunity in a very sought after location. 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.

This 13 bedroom plus an office and 3 bathrooms with a separate toilet facility was formally a rest home for the retired, the property has since been operating as a RSE and long term accommodation for over 50's. Resource consent allows for 20 seasonal workers from March 1st to October 31st and 14 occupants outside those times providing the term is longer than 3 months.

Annual Fire safety and Building Warranties in place to ensure long term protection and to make your investment transition even easier, there's an opportunity to purchase this property with furnishings and fittings in place, including some of the amazing tenants that would love to stay on.

If you're looking for an investment or a business opportunity which is low energy and cash positive, this could be it. Get in touch today for information or an opportunity to view.

Disclaimer - This property is being sold by deadline sale and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes. All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.

Additional details

Type

Home & Income

Property ID

BYF31978

Listed on

23/10/2024

Updated

24/10/2024

Data

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Property data

Broadband available

Floor area

286m²

Land area

660m²

Type of title

Freehold

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Time (yrs)

5 yrs

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Otūmoetai, Tauranga

Otumoetai is a suburb which lies within the Territorial Authority of Tauranga, one of 24 residential suburbs which form the wider region. Otumoetai is the 5th largest suburb of Tauranga in terms of the total number of residential housing stock. Otumoetai provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1910 - 1919. The majority of the residential housing stock in the locality was constructed between 1970 - 1979. Residential housing stock in Otumoetai is made up of approximately 98% residential housing and 2% residential investment housing properties.

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