Tremains Real Estate Papamoa
- Listing #:
- PA03612
- Listed:
- 18 days ago
Asking Price: $12,500,000 (including GST)
Prime Waterfront development with Income
27A The Mall, Mount Maunganui, TaurangaResidential House
-
- 14 Bedrooms
-
- 12 Bathrooms
-
- 680m2 Floor Area
-
- 1,855m2 Land Area
About this property
Property HighlightsResidential development site
High-Density Residential Zone
Breathtaking beachfront views spanning the Harbour and Tauranga
Expansive 1,856 sqm freehold land (more or less)
Extensive Road Frontage of 34.86m (approx)
680 sqm of current buildings (approx)
Currently, in 11 rental units
Fully leased, returning $315,000pa
This is your opportunity to claim a truly rare gem in the heart of Pilot Bay, Mount Maunganui.
Situated on The Mall and just steps from the Harbour, this unique property offers unrivalled potential. Once a beloved local landmark, the iconic Westhaven Motel is now ready for an inspired buyer to reimagine its future. Currently operating as semi-permanent accommodation, this site is poised for its next exciting chapter.
Hold this waterfront property and keep the existing income while you plan its future.
The property is being managed and is returning approximately $315,000pa after the management fee. This does not include rates, insurance and Wi-Fi. The property is not registered for GST.
This beachfront site presents endless possibilities for developers or landbank buyers seeking a premium asset with vast potential. Whether you are envisioning a modern redevelopment or a long-term investment, this property offers a strategic location with unparalleled opportunity.
This is your chance to secure an iconic slice of Mount Maunganui's past and shape its future!
For more information on the zoning and property, please go to the below links.
www.tauranga.govt.nz...
cityplan.tauranga.govt.nz...
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