51 Rangiamohia Road, Turangi, Taupo

Passive investment opportunity

Currently enjoying a return of $26,400 per annum on a fixed lease, this 5000sqm property is perfectly positioned for the keen investor - now and for the future.

Once Turangi's third primary school, this well situated property has been reconfigured and is currently utilised as an accommodation enterprise.

Infrastructure includes a six bedroom, two bathroom hostel along with three separate cabins, a small ablution block and a storage room.

One of the original prefab classrooms constructed in native timbers remains as well which could be refurbished for a range of uses when desired.

This property is the ideal option to be held for the medium term with an eye for further development later on.

Large residential freehold sites in Turangi are a scarce product so view and register your interest in this highly desirable opportunity today.