Listed: Thu, 30 Jan

Prime Central Investment Opportunity

46 Malfroy Road, Victoria, Rotorua, Bay Of Plenty

Enquiries over $2,150,000

6+ Beds
6+ Baths
320m² Floor
1476m² Land

Other Features

6+ Off-street parking

Attribute	Value
Property type	Unit
Capital value (CV)	$1,805,000
Parking	9 carports
Agency reference	RT04166
Broadband in the area	Fibre, ADSL, VDSL, Wireless

With excellent returns. Attention investors and developers! Don’t miss this exceptional opportunity to secure 9 studio rental units on a spacious 1,476m² freehold site, perfectly positioned in a central location. These units are currently generating over $150,000 annually in rental income, with the potential to increase returns to $175,000 per year.

Key features:

Covered Parking: Each unit comes with its own covered parking space, a valuable feature for tenants.
Convenient Location: Easy walking distance to the central mall, supermarkets, and schools.

Added Opportunity: The property also offers the unique option to maximize your investment by purchasing the adjoining property at 33 Seddon Street – a 3-bedroom home on a separate freehold title (for a total of 2085m2). This additional property currently generates an extra $32,500 annually, creating the potential to own the entire block between Malfroy Rd and Seddon St.

Whether you’re looking to expand your portfolio or explore development possibilities, this is a rare chance to secure a high-performing asset in a sought-after location with good future prospects.

Opportunities like this don’t come around often. Contact me today for more information or to register your interest.

To access the Property File, LIM Report and other information on this property please copy and paste this link into your browser: https://www.propertyfiles.co.nz/property/RT04166