12A Merivale Road Parkvale, Tauranga City

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Whether you're looking to expand your investment portfolio, secure a high-yielding asset, or unlock further income potential, this substantial 809sqm (more or less) property presents an exciting opportunity in a convenient and sought-after location.

Positioned on a generous site, the property comprises two well-maintained two-bedroom units, each currently rented at $500 per week, providing an immediate combined rental income of $1,000 per week. With reliable tenants already in place, investors can secure strong holding income from day one while exploring options to further enhance the property's return. Purchase one unit for the presented price or purchase both units together for $795,000.

The standout feature is the expansive rear section, offering a rare amount of additional land rarely found alongside established rental properties. With recent changes providing greater flexibility around minor dwellings, buyers may wish to investigate the potential for adding further accommodation, such as a granny flat or transportable home, to increase rental income and maximise the property's earning capacity (subject to the appropriate council approvals).

Conveniently located close to schools, shopping, public transport, and everyday amenities, this is a location that continues to attract strong tenant demand and long-term investment appeal. The combination of existing income, generous land size, and future potential makes this an opportunity worth serious consideration.

Properties offering immediate cash flow with the ability to add further value are increasingly difficult to find. Whether you're an experienced investor looking to grow your portfolio or seeking a smart addition with multiple income opportunities, 12A Merivale Road deserves your inspection.

Deadline Sale - 5th Aug 2026 (unless sold prior)