The Real Money Maker with options !!!!

For sale at 1.2+ million (avg 600K+ for each four bedroom dwelling)

Situated on a kiwi quarter acre back section, there is potential to make further improvements to the section to add-value, develop, sub-divide (with Council consent) or keep it easy-care, as is.

Vendor is going to sub-divide it legally into two freehold titles (all money already spent on geotech reports, surveying and Council application for sub-division) with Rotorua Lakes Council's consent. Note: Subdivision application is under consideration by Rotorua Lakes Council at the moment and may take few months for assessment and approval.

Once subdivided, instant capital gain is expected for the buyer by having each house on its own freehold title. SO REGISTER YOUR INTEREST NOW.

https://homes.co.nz/address/rotorua/koutu/13-bennetts-road/89j5G

This is a great spot in Rotorua, Karenga Park Reserve is just down the road and it’s a short stroll to the Lakeside, Hospital, cafes, Kuirau Park and the CBD.

This is definitely better than money in the bank and a unique furnished turn-key investment property that will suit a variety of options including home and income, extended families and popular AirBnB/holiday homes (located next to popular thermal Motels).

An incredible opportunity to buy a large property sited on fee simple freehold title of 1,013sqm close to Rotorua Hospital, with not one, but two separate homes.

With 8 bedrooms 4 bathrooms and 5 toilets in two homes, there is huge potential here to be used as a holiday home on AirBnB or for extended families who wish to live together but in separate homes or for home and income seekers.


Features:

House 01

13B Bennetts Road (original 1940s fully renovated house)



4 bedrooms with 1.5 Bathroom (one bathroom with shower, vanity and toilet and a separate toilet room).



Large kitchen* Spacious living area* Fireplace and heat pumps



House 2:

13C Bennetts Road (Timber-themed house relocated in 2019 and fully renovated to modern standards)

4 spacious bedrooms (easily big enough for a double or queen bed and a which will be a huge bonus for investors.)

3 Bathrooms (one bathroom with shower, vanity and toilet; one bathroom with shower and toilet, one bathroom with shower and vanity and one more separate toilet room)

* Heat pump* Entertainment deck*

Aucklanders looking at relocating to Rotorua can afford this one by selling one Auckland house and buy two in Rotorua (one to live in and other for income) OR Two families can buy this together and still live in their own homes.


Still cheap price of 600K+ each for a 4 bedroom house. Good option for retirees or people who wish to escape from Auckland city to live a relatively relaxed life in this wonderful holiday and lifestyle destination.

Special Features

Deck. Patio.

Locality / Area

This is a great spot in Rotorua, Karenga Park Reserve is just down the road and it’s a short stroll to the Lakeside, Hospital, cafes, Kuira Park and the CBD..