Sign up
Swipe Enabled

Listed about 1 month ago

ID#461702

209 Valley Road,

Mt Maunganui

Mt Maunganui / Papamoa
Auction
10
9
Approx
642
Approx
1,561
* 642m²≈6,910 sq.ft.   1,561m²≈16,802 sq.ft. (0.16 Ha)

Auction

Wednesday 30th October
1.00pm
247 Cameron Road, Tauranga (unless sold prior)
proudly marketed by
Brendon & Lynn Bradley Jan Hodges
Success Realty Ltd MREINZ
021 816 600 (B) 027 441 1213 (L)
027 546 3437 (027 jhodges)
Message us about this property

1561sqm Prime Real Estate in Mount Maunganui

Built in 1967, the motel situated on the corner of Valley Road and McDowell St was chosen for its close proximity to the beach - a short stroll has you on the sand and in the surf within minutes. Today, over 50 years on, the Blue Wave Motel is as popular as ever, particularly with families. Now you have a rare opportunity to own your own slice of Mount Maunganui treasure. This prime corner site has huge potential, whether you're looking for a solid income, a secure investment or development land for the future.

The property currently provides a home and income option with an attractive annual net surplus. Five of the seven one-bedroom units have recently been upgraded. All are fresh and tidy; one has wheelchair access. Four units have ranch-sliders leading onto their own deck, so at the end of the long hot day at the beach guests can enjoy a BBQ in their own outdoor space. There are four utility rooms which house the laundry, linen storage and of course, the surfboards! The 210sqm Manager's house has always been owner-occupied, offering three bedrooms with two bathrooms. The current owners converted the garage into a large rumpus area which has a kitchenette - great for extended family and extra guests.

Being positioned on a 1,561sqm corner site, there is an opportunity for subdivision which may offer potential for up to four freehold sites. Alternatively, the property would be a great land bank site whilst offering a healthy holding income from the motel business.

Real estate with potential like this doesn't present itself often. Be the first to discover this gem - phone Jan or Brendon today.

Keywords

Features

  • Home & Income

  • Accommodation close to Mount Maunganui Beach
  • 1561 sqm prime real estate close to the beach
  • Development potential on large land-holding
  • Freehold going concern Motel
  • Long established 7 unit complex
  • Spacious Manager's residence
  • Blend of business and real estate investment

Ask a question about this property

Please leave this field blank:
NAME
EMAIL
MESSAGE

Location

Points of Interest
    Loading...

Agents

Brendon & Lynn Bradley

Success Realty Ltd MREINZ

Licensed Real Estate Salesperson (REA 2008), Member of the REINZ

Jan Hodges

Success Realty Ltd MREINZ

Licensed Real Estate Salesperson (REA 2008), Member of the REINZ

Introducing Jan Hodges at Bayleys Tauranga.

Jan has been the number one residential/lifestyle salesperson for Bayleys Tauranga since commencing with the company. Jan is
committed to working with integrity and has a determination to achieve the most successful outcome for every client. With her background as a Registered Nurse Jan cares for people and endeavors to ensure a positive experience for people buying and selling their homes. Jan has developed an excellent reputation within the industry.
She comes highly recommended and a number of testimonials are available from clients who have appreciated her honesty, integrity and service.

read more

This property was photographed by

James Sales

Bay of Plenty

CAA Part 102 Certified

Listed about 1 month ago

ID#461702

209 Valley Road,

Mt Maunganui

Mt Maunganui / Papamoa
Auction

Auction

Wednesday 30th October
1.00pm
247 Cameron Road, Tauranga (unless sold prior)
proudly marketed by
Brendon & Lynn Bradley Jan Hodges
Success Realty Ltd MREINZ
021 816 600 (B) 027 441 1213 (L)
027 546 3437 (027 jhodges)
Message us about this property

Leave a message for James Sales

Please leave this field blank:
I Would like to
NAME
EMAIL
YOUR AGENT'S NAME
PHONE
MESSAGE
SALE ORDER