An opportunity exists to develop this superbly positioned site into a luxury apartment complex, suitable for up to 20 apartments. Picture this; three levels of apartment dwelling in front and tiered or angled apartment living continuing on along the back end of this expansive property. Options exist to put in a lagoon style pool, tropical garden surrounds; the outdoor living area flanked by palm trees, adding that luxurious resort feel to the complex. Or perhaps, you have your own dreams and visions for this prime plot of perfectly located real estate? Sitting directly under Mount Maunganui, this desirable location boasts all that the idyllic beach lifestyle has to offer. It's just a stroll to the hot pools, a leisurely walk around Mauao - perhaps a more strenuous hike up, or simply enjoy the stunning view from the comforts of home, including the arrival and departure of International cruise liners through the harbour entrance. For those involved in water sports, there is a playground at your doorstep; jet ski or kayak rental, fishing, swimming and of course the weekly Wednesday night yacht races that fill the Tauranga harbour. The option to invest and landbank exists here, until you're ready to develop as the current buildings are utilised as rental accommodation. 'The Mereden' is perched on the The Mall's road frontage and looks out over picturesque Pilot Bay. It includes four interior apartments. The 'Mount Views' extends along the rear of the property, with six apartments in total. Combined, these provide a return of $160,000 per annum.

Call me now.

Agency reference #: 2834351