Sold
12A Merivale Road,
Parkvale, Tauranga City
NZD 395,500
Property details
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Agents
Ray White Pyes Pa: Capital Real Estate Limited Licensed (REAA 2008)
6A Pyes Pa Road, Pyes Pa Tauranga City 3112
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Chattels
- Stove
- Extractor Fan
- Light Fittings
- Floor Covers
- Blinds
- Curtains
- TV Aerial
Buy One or Secure Both
Property Files available on request. Email or call us to have these emailed to you.
Whether you're looking to expand your investment portfolio, secure a high-yielding asset, or unlock further income potential, this substantial 809sqm (more or less) property presents an exciting opportunity in a convenient and sought-after location.
Positioned on a generous site, the property comprises two well-maintained two-bedroom units, each currently rented at $500 per week, providing an immediate combined rental income of $1,000 per week. With reliable tenants already in place, investors can secure strong holding income from day one while exploring options to further enhance the property's return. Purchase one unit for the presented price or purchase both units together for $795,000.
The standout feature is the expansive rear section, offering a rare amount of additional land rarely found alongside established rental properties. With recent changes providing greater flexibility around minor dwellings, buyers may wish to investigate the potential for adding further accommodation, such as a granny flat or transportable home, to increase rental income and maximise the property's earning capacity (subject to the appropriate council approvals).
Conveniently located close to schools, shopping, public transport, and everyday amenities, this is a location that continues to attract strong tenant demand and long-term investment appeal. The combination of existing income, generous land size, and future potential makes this an opportunity worth serious consideration.
Properties offering immediate cash flow with the ability to add further value are increasingly difficult to find. Whether you're an experienced investor looking to grow your portfolio or seeking a smart addition with multiple income opportunities, 12A Merivale Road deserves your inspection.
Deadline Sale - 5th Aug 2026 (unless sold prior)
Whether you're looking to expand your investment portfolio, secure a high-yielding asset, or unlock further income potential, this substantial 809sqm (more or less) property presents an exciting opportunity in a convenient and sought-after location.
Positioned on a generous site, the property comprises two well-maintained two-bedroom units, each currently rented at $500 per week, providing an immediate combined rental income of $1,000 per week. With reliable tenants already in place, investors can secure strong holding income from day one while exploring options to further enhance the property's return. Purchase one unit for the presented price or purchase both units together for $795,000.
The standout feature is the expansive rear section, offering a rare amount of additional land rarely found alongside established rental properties. With recent changes providing greater flexibility around minor dwellings, buyers may wish to investigate the potential for adding further accommodation, such as a granny flat or transportable home, to increase rental income and maximise the property's earning capacity (subject to the appropriate council approvals).
Conveniently located close to schools, shopping, public transport, and everyday amenities, this is a location that continues to attract strong tenant demand and long-term investment appeal. The combination of existing income, generous land size, and future potential makes this an opportunity worth serious consideration.
Properties offering immediate cash flow with the ability to add further value are increasingly difficult to find. Whether you're an experienced investor looking to grow your portfolio or seeking a smart addition with multiple income opportunities, 12A Merivale Road deserves your inspection.
Deadline Sale - 5th Aug 2026 (unless sold prior)
Explore the area
School catchments
- Merivale School Primary Years 1-6 State 0.11km
- Tauranga Girls' College Secondary Years 9-15 State 0.87km
- Gate Pa School Primary Years 1-6 State 1.0km
- Tauranga Intermediate Intermediate Years 7-8 State 1.3km
- Greerton Village School - Te Kura o Maarawaewae Primary Years 1-6 State 1.3km
- Greenpark School (Tauranga) Primary Years 1-6 State 2.1km
- Tauranga Boys' College Secondary Years 9-15 State 2.2km
- St Mary's Catholic School (Tauranga) Primary Years 1-6 State integrated 2.4km
- Maungatapu School Primary Years 1-6 State 2.5km
- Tauranga Adventist School Full primary Years 1-8 State integrated 2.9km
- Bethlehem College Composite Years 1-15 State integrated 3.4km
- Te Kura o Manunui Primary Years 1-6 State 3.5km
- Tauranga Primary School Primary Years 1-6 State 3.6km
- Selwyn Ridge School Primary Years 1-6 State 3.6km
- Aquinas College Secondary Years 7-15 State integrated 4.0km
- Ōtūmoetai Primary School Primary Years 1-6 State 4.3km
- Te Wharekura o Mauao Secondary Years 7-15 State 4.5km
- Taumata School Full primary Years 1-8 State 4.6km
- Welcome Bay School Primary Years 1-6 State 4.6km
- Ōtūmoetai College Secondary Years 9-15 State 4.8km
- ACG Tauranga Composite Years 1-15 Private 6.3km
- Mount Maunganui College Secondary Years 9-15 State 8.4km
- TKKM o Te Kura Kokiri Composite Years 1-15 State 12.2km
- Te Kura o Te Moutere O Matakana Composite Years 1-15 State 13.4km
- Papamoa College Secondary Years 7-15 State 13.9km
- Te Puke High School Secondary Years 9-15 State 17.0km
- Katikati College Secondary Years 7-15 State 27.1km
- Matamata College Secondary Years 9-15 State 34.6km
- Matamata Christian School Composite Years 1-15 State integrated 35.3km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
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Contact Kale Kirk
Contact Kale Kirk
Kale Kirk
12A Merivale Road, Parkvale 3112
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Kale Kirk
12A Merivale Road, Parkvale 3112