95 Douglas Street

18 UNITS, 3 TITLES, WHAKATANE - TENDER

To be sold by Tender (closes on 25th September 4.00pm)

Positive Cash Flow & Capital Growth Potential - 3 Freehold Titles.

Welcome to 95 Douglas Street, 114 & 116 Valley Road Whakatane - a rare opportunity to acquire a premium blue-chip investment with significant development potential (subject to council consent).
This expansive 2,882m2 freehold property, spread over 3 separate titles, offers incredible flexibility for investors and developers alike. Whether you're looking for long-term passive income, future capital gain, or a potential development site, this property delivers on all fronts.

Key Features:
$304,000 annual rental income
-17 studio units & 1 x One bedroom unit
-3 freehold titles across a total of 2,882m2
-Prime Valley Road location
-Each unit features its own kitchenette, bathroom facilities, and courtyard
-Secure, relaxed living environment - highly attractive to tenants
-Consistently high tenant demand with long-term occupancy the norm
-A proven positive cash flow asset with scope for further value-add
-Genuine offering - Vendor moving onto a new project

Set in a highly desirable part of Whakatane, this property is in demand from prospective tenants, ensuring consistent returns and minimal vacancies. The combination of income stability and long-term capital growth makes this an ideal investment for both seasoned investors and those entering the market. Don't miss your chance to indulge in a true blue-chip opportunity and be part of the thriving community of Whakatane.

Three adjoining investment properties
95 Douglas Street Whakatane - 4 units - 857m2 freehold
116 Valley Road Whakatane - 8 units - 1,174m2 freehold
114 Valley Road Whakatane - 6 units - 851m2 freehold

Contact Greig today for an information pack

Disclaimer -This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes. All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.