32-34 School Road, Paihia, Far North, Northland

A rare opportunity to secure a substantial home with multiple accommodation income streams, all within easy walking distance of Paihia township, the waterfront, restaurants and beach.

Positioned in a sought-after elevated location, the property comprises a spacious residence with a self-contained apartment, plus two established holiday accommodation chalets. The flexible layout creates a range of options for owner-occupiers, investors, tourism operators or those seeking a lifestyle change.

Income potential: Live in the house & earn income – pays your mortgage Choose to live in the main residence while continuing to let the apartment and two chalets as holiday accommodation, income pays your mortgage. Potential gross revenue: $141,000 p.a.

Operate as holiday accommodation: Use the property as Investment Income, Total potential gross revenue estimated at $216,000 p.a. with Return on Investment of 8.25%

Highlights: *Spacious 150sqm multi-level home with garage *Separate self-contained apartment + deck connected to house *Two established 24sqm + deck holiday accommodation chalets *Multiple income streams, Flexible home-and-income configuration *Walking distance to Paihia Beach and township *Ideal lifestyle, investment or semi-retirement opportunity *Proven tourism location in the Bay of Islands

Whether you are looking for a lifestyle property that helps pay its way, or a tourism-focused investment with strong income potential, this is a unique opportunity to live where others come to holiday.

Use this link to download the Property files: https://www.propertyfiles.co.nz/property/1005449