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Listed over 1 year ago

ID#575057

Otumoetai

Tauranga
$1,900,000
10
5

Invest, land bank or develop!

5 Balmoral Terrace is a unique opportunity in a fantastic Tauranga location. It is an excellent opportunity for investors or developers to acquire a central parcel of land with a holding income. The property's central location ensures strong demand for tenants.

This prime site spans 1660 square metres which currently houses 5 two bedroom units each with a carport and storage unit.

· Great location
· Add-value potential
· Great land bank opportunity for future development
· 5 units on individual titles
· Total freehold land area: 1660sqm
· Space to add additional units
· Great investment potential, options for rental income or capital appreciation

Please contact the Harcourts sales consultants below for further information.

To request documents please visit Harcourts:https://harcourts.net/L27685332

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Agents

Theo Smith

Harcourts Maunganui Central

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

Theo Smith is a determined individual fuelled by an extraordinary passion for his profession. Since entering the real estate arena, Theo has boasted an enviable 20+ year track record of success. He has consistently clinched the prestigious title of 'number one residential sales agent' for Harcourts Advantage Realty Limited Mount and Papamoa offices - maintaining this accolade for fourteen consecutive years (2010-2024). Moreover, he secured a place in the top 20 internationally from 2015 to 2019 among over 6,000 agents, a testament to his relentless work ethic and dedication to achieving optimal results for his clientele.

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Ben Cantley

Harcourts Mount Maunganui

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

Client focussed in his approach, Ben revels in the one-on-one. It’s about providing a valuable service while putting the deal together. Dedicated, disciplined, and easy going.

Ben’s genuine values are for placing people first and understanding his clients’ needs. When it comes to dealing with their most important investment, clients will feel confident in the consistent support they receive from him. Ben is proud to be part of Team Theo, a successful team of dedicated people, you will be guaranteed the very best service.

It is irrelevant what level of the market you are in, whether it be first home buyers, downsizing, investment interest or your dream home. Ben will ensure the entire process of your real estate transaction is as stress free as possible and has the best outcome for you.

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This property was photographed by

Klara Langova

Media Specialist

Tauranga/Papamoa/Mount

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