Property listing ID: 932142
Positioned on a substantial 2,327 sqm (approx) freehold site just moments from central Whangarei, this is a rare opportunity to secure a large-scale residential investment in a highly sought-after location. Comprising a total of 15 units across two well-configured blocks (8 and 7 units), the property offers a diverse mix of accommodation including 10 two-bedroom units, 4 three-bedroom units, plus a two-bedroom penthouse unit. Built with solid construction and designed for long-term performance, all units are Healthy Homes compliant, with separate power supplies and 14 individually metered for water - providing ease of management and tenant accountability. The property is well-serviced with ample parking, including 13 designated carparks, a double garage, and additional on-site parking. A recently installed Type Five fire alarm system enhances safety and compliance. Zoned Medium Density, this site also presents future redevelopment potential, adding further upside for savvy investors. Its prime location offers tenants a short, easy walk to the Whangarei CBD, supermarkets, the Loop walkway, and the vibrant Town Basin entertainment precinct. Opportunities of this scale and proximity are seldom available - secure a high-performing, centrally located investment with great future potential.
Listed by Barfoot & Thompson , Bruce Maugham (Whangarei)