Sold
95 Douglas Street,
Whakatane, Whakatane District
Price withheld
Property details
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Agents
Ray White Ellerslie: Now Realty Limited Licensed (REAA 2008)
1/101 Main Highway, Ellerslie Auckland City 1051
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18-Unit Investment - Whakatane $2,900,000 Neg
Positive Cash Flow & Capital Growth Potential
Welcome to 114 & 116 Valley Road and 95 Douglas Street, Whakatane - a rare opportunity to acquire three adjoining freehold investment properties offering 18 income-producing units together with significant future development potential, subject to Council approval.
Comprising 2,882m² across three separate freehold titles, this substantial holding provides investors with an established income stream today, while retaining the potential for future capital growth and development.
Key Features
$306,000 annual rental income
18 income-producing units
17 studio units + 1 one-bedroom unit
2,882m² total freehold land
3 separate freehold titles
Prime Valley Road and Douglas Street location
Every unit includes a kitchenette, bathroom facilities and courtyard
Strong tenant demand and consistently high occupancy
Secure and relaxed living environment
Significant development potential, subject to Council consent
Genuine sale - vendor retiring
The properties have an established history of strong tenant demand, with long-term occupancy providing an attractive and consistent income stream.
At $2,900,000 negotiable, the current rental income of $306,000 represents a gross yield of approximately 10.55% before expenses.
The Three Properties
95 Douglas Street, Whakatane
• 4 units
• 857m² freehold title
116 Valley Road, Whakatane
• 8 units
• 1,174m² freehold title
114 Valley Road, Whakatane
• 6 units
• 851m² freehold title
A Genuine Investment Opportunity
This is an opportunity to acquire three adjoining investment properties in one transaction, providing immediate rental income, substantial landholding and potential for future development.
Whether you are seeking strong rental income, long-term capital growth or future development potential, this property deserves your consideration.
Contact Greig today for the full information pack.
Welcome to 114 & 116 Valley Road and 95 Douglas Street, Whakatane - a rare opportunity to acquire three adjoining freehold investment properties offering 18 income-producing units together with significant future development potential, subject to Council approval.
Comprising 2,882m² across three separate freehold titles, this substantial holding provides investors with an established income stream today, while retaining the potential for future capital growth and development.
Key Features
$306,000 annual rental income
18 income-producing units
17 studio units + 1 one-bedroom unit
2,882m² total freehold land
3 separate freehold titles
Prime Valley Road and Douglas Street location
Every unit includes a kitchenette, bathroom facilities and courtyard
Strong tenant demand and consistently high occupancy
Secure and relaxed living environment
Significant development potential, subject to Council consent
Genuine sale - vendor retiring
The properties have an established history of strong tenant demand, with long-term occupancy providing an attractive and consistent income stream.
At $2,900,000 negotiable, the current rental income of $306,000 represents a gross yield of approximately 10.55% before expenses.
The Three Properties
95 Douglas Street, Whakatane
• 4 units
• 857m² freehold title
116 Valley Road, Whakatane
• 8 units
• 1,174m² freehold title
114 Valley Road, Whakatane
• 6 units
• 851m² freehold title
A Genuine Investment Opportunity
This is an opportunity to acquire three adjoining investment properties in one transaction, providing immediate rental income, substantial landholding and potential for future development.
Whether you are seeking strong rental income, long-term capital growth or future development potential, this property deserves your consideration.
Contact Greig today for the full information pack.
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Contact Greig Kirby
Contact Greig Kirby
Greig Kirby
95 Douglas Street, Whakatane 3120
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Greig Kirby
95 Douglas Street, Whakatane 3120