489a Maunganui Road, Mount Maunganui, Tauranga, Bay Of Plenty

Charming 1940s home with office resource consent and leased investment with approx. 4.5% return.

Located in the heart of Mount Maunganui, at the intersection of Hull & Maunganui Roads, 489a Maunganui Road is a delightful 1940s two-storey classic that offers a unique blend of vintage charm and modern functionality. This spacious property features a 3-bedroom, home upstairs, alongside a self-contained open-plan studio downstairs, complete with a kitchenette and its own bathroom – perfect for guests, a home office, or even a rental opportunity.

Currently leased to a tenant occupying the upstairs and operating business from downstairs this is an investment to be seriously considered. This property is primed for a variety of uses. With resource consent for 7.5 full-time equivalent staff, it can be all commercial use, making it an ideal space to run a business while living onsite. Recently modernised with new bathrooms including showers, the home offers all the comforts of contemporary living while retaining its classic character and amazing location.

Zoned in the newly designated high-density residential area, the opportunities for future development are endless. Whether you’re looking to live, work, and develop in a prime location, continue to lease the whole building for commercial use, or simply enjoy the home as is, the potential is abundant.

Situated just a short walk from Mount New World, Central Parade, and the Skate Park, this property is central to everything you need, while parking won’t be a problem with space for four vehicles onsite and free council parking just across the road.

Key Features:

3-bedroom, 1-bathroom upstairs with Kitchenette only but space for kitchen.

Heatpumps in all offices/rooms including downstairs

Self-contained studio with kitchenette and bathroom downstairs

Recently updated with a new bathroom and modern finishes

Resource consent for 7.5 full-time equivalent staff

Zoned in a high-density residential area

Parking for four vehicles, plus free council parking nearby

No cross lease, freehold title

Leased investment with lease through until October 2026.

Close to amenities including Mount New World, Central Parade & Skate Park

This is a private sale – no agents, please.

Asking price + GST with a GST registered entity a transaction will be Zero rated.

Don’t miss out on the endless possibilities this property offers!