Mt Maunganui

Multi-Unit Rental With Yield Options

Occupying a sunny 1150 sqm site within a short flat walk of the vibrant Bayfair retail precinct and roundabout, this tidy 1970's built concrete block complex of four two-bedroom units presents some desirable options for developers and investors seeking good returns in a top-notch location. Zoned Residential, the fully tenanted flats enjoy a current gross yield of $78,500 per annum with current market rent appraisals just completed and available for future planning. The single level building has been well-maintained and sits on a flat partially fenced site with each unit occupant having their own allocated outdoor area tucked behind the quaint picket fence and a common area lawn at the rear…