335 Childers Road, Gisborne, Gisborne

High-return 13 bedroom accommodation opportunity

Presenting an opportunity to acquire this substantial 13 bedroom boarding house, offering scale, character, and a prime location close to Gisborne's amenities.
Set on an 809 sqm freehold section, the property spans an impressive 320 sqm of floor area, ideally configured for shared accommodation. With 13 bedrooms and generous communal spaces, the layout is perfectly suited to continued operation as a boarding house, or offers potential for modernisation and further enhancement to maximise rental returns.
Constructed in timber with an iron roof, the building retains its character and charm while providing flexibility for upgrades. With a rating valuation of $840,000 as of August 2023 this property represents both a secure investment and an attractive proposition for owner-operators in the accommodation sector.
Whether you are an experienced operator looking to expand your portfolio or an investor seeking a property with strong income potential, 335 Childers Road is a rare offering. The combination of land size, floor area, 13 bedrooms, and location makes it one of the most versatile boarding house opportunities in Gisborne today.