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Turangi, 51 Rangiamohia Road

Freehold - Tenanted Investment with Development Options.

$690,000 Plus GST (if any)

Listing Number: TPO24446
About this listing
Huge potential in Turangi and priced UNDER GV! The old school contains a very tidy 6 bedroom, 2 bathroom home with spacious kitchen, lounge and deck for plenty of guest to occupy. 3 additional single unit bunk houses out back with toilet and shower facilities close at hand and separated from the main dwelling.
On the same lot is the actual old school building. The school building and house are currently leased out as backpackers accommodation on a 5+5+5 year lease returning $24,000 net per year.

In addition to this site the price includes 49 Rangiamohia which is a great piece of predominantly flat land in central Turangi. There was prior consent in place to establish a 14 unit subdivision here. Overall land area is 14626² and ready for you to re-apply for consent or present your own ideas. With a bit of imagination you can be Turangi's next big developer.

Between the two properties there is just shy of 20,000m² of land and buildings.
Property Information
  • Approx Floor Area: 20000 sqm
  • Tenure: Fee Simple
  • Property Type: Land, Other (6 Bed, 2 Bath Home), Vacant
  • Tenancy: Additional Details: 49 Rangiamohia Road - 14538m² 51 Rangiamohia Road - 5000m² with 240m² dewling (This CT Information is for 49 Rangiamohia Road)

Contact Details

Taupo

Talk Property Ltd

Licensed REAA 2008

49 Heuheu Street
Taupo
Office website

Property Location

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