Calling all entrepreneurial thinkers - This offering represents a superb project, a great opportunity exist here, to add value. The zoning leans this property to being the perfect backpackers lodge. Currently the property comprises of 8 separate titles and is pumping out $68,120 per annum in rental income. The upper floor houses 6 studio units and one, one bedroom apartment, the ground-floor is where the project begins. Please refer to the 3d drawings. This massive open floor space, with two bathrooms/wc and fully self contained kitchen, offers extreme options e.g.

Convert the ground floor into an extra 3 or 4 apartments and add value
Increase the rent roll and just go fishing
Convert the ground floor into an awesome family home
Own the perfect home and income package
Purchase the property next door, 4 Tohitapu Road and amalgamate the two into a cash rich backpackers lodge.

Whichever way you look at this property, it's just good reading.

C/V $601,000

Contact the listing agent for an information pack