53 Beach Road, Tahunanui, Nelson

Investment with development opportunity

Are you a residential developer or investor seeking a prime property to maximize your returns? Look no further! We are thrilled to present an exclusive opportunity at 53 Beach Road, Tahunanui, Nelson. This remarkable residential property offers not only an exceptional location but also the potential to unlock lucrative possibilities for your portfolio.

Property Features:

• 1,012sqm prime park facing residential lot: nestled in the heart of Tahunanui, this expansive lot is perfectly positioned, boasting Tahunanui Reserve views.

• Four existing residential flats: currently, the property comprises four two-bedroom flats, each rented on monthly leases, generating a steady total rental income of $1,100 per week.

• North-facing lot adjacent to Tahunanui Reserve: bathed in sunlight year-round, the property's orientation ensures optimal natural light and a warm, inviting ambience for future dwellings.

• Generous 20m frontage to Beach Road: with a wide frontage the property is showcased prominently, offering exceptional exposure and accessibility.

• Development opportunity with holding income: subject to resource consent, you have the option to explore the development potential of this prime site. Meanwhile, the existing rental flats continue to generate attractive holding income during the planning phase.

• Prime location: situated within walking distance of the picturesque Tahunanui Beach, bus routes, and local cafes & restaurants, the property enjoys a thriving, sought-after neighbourhood, catering to the desires of potential residents.

Contact us today to arrange a private viewing and explore the countless prospects that await you at 53 Beach Road, Tahunanui.

Disclaimer: All development plans and potential yield figures are subject to obtaining the necessary consents and approvals from the local authorities.