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Home and Income

503 Otumoetai Road Otumoetai, Tauranga City

Sold for $1,460,000 on 4 Jul 2025
  • 13 Beds
  • 3 Baths
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503 Otumoetai Road, Otumoetai, Tauranga City

Home and Income in Otumoetai

Cash Positive Investment

  • 13 Beds
  • 3 Baths
Listed By:
Ray White BayfairDistinction Realty Limited Licensed (REAA 2008)

Price is exc GST.

This is your opportunity to own a home and a business in an outstanding location.

Currently returning over $4500 per week as a boarding house, the home offers a rare opportunity to gain a very attractive yield.

Featuring 13 bedrooms plus an office and 3 bathrooms with a separate toilet facility, the dwelling was formally a rest home for the retired, the property has recently been operating as boarding accommodation for over 50's.

Annual Fire safety and Building Warranties in place to ensure long term protection and to make your investment transition even easier, the purchase for this property comes with all furnishings, fittings and boarding agreements in place.

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.

For more information please visit the link - https://rwbayfair.co.nz/BYF31978

Chattels:
  • Light Fittings
  • Dishwasher
  • Fixed Floor Coverings
  • Blinds
Property ID:

BYF31978

Building:

286m²

Land:

660m² / 0.16 acres

Bedrooms:

13

Bathrooms:

3

Listed By:
Ray White BayfairDistinction Realty Limited Licensed (REAA 2008)