204 Miro Street, Taumarunui, Ruapehu

With about 408m2 of floor space and sitting on approximately 2300m2 (subject to survey - title pending) Erua Lodge boasts 11 bedrooms, 2 showers and 5 toilets, a full kitchen and kitchenette, along with open plan living areas. Heating is via a diesel central heating system. Current building Warrant of Fitness and Code of Compliance for 46 people. Bordering the Dual World Heritage Tongariro National Park with three active volcanoes: Tongariro, Ngauruhoe (Mount Doom in "The Lord of the Rings" films) and Ruapehu. Erua Lodge is well placed to take advantage of adventure tourism such as the Tongariro Crossing, and mountain bike trails including the 42nd traverse, Uenuku Pines MTB park and the Mountains to Sea trail which is one of the Great Rides of New Zealand. And is a 30-minute drive to Whakapapa Ski Field, or a 45-minute drive to Turoa Ski Field. No longer run as a business, the lodge is a blank canvas ready for a new owner to convert to a large home, family lodge, or business. Contact our Ohakune office for more information and to arrange a viewing.

$399,000

Don't just buy a home - invest in your financial future. This exceptional Home and Income opportunity offers the perfect blend of desirable modern living and a robust income stream designed to boost your long-term wealth. Five bedrooms, broken into two flats: •Flat 1: One 3-bedroom unit with separate toilet and bathroom, a huge living area, a dining area, and a fully renovated kitchen with gas stovetop and dishwasher. A huge deck area provides a great place to entertain and enjoy morning coffee. •Flat 2: One 2-bedroom unit with its own separate private entry and exit, a kitchenette, and a separate toilet and bathroom. A section allows you to have a granny flat, exempt from requiring a building consent under recent government changes. That's a double income stream! Key Investment Highlights: Positive Cash Flow Potential: Imagine a property that largely pays for itself. The dedicated rental unit is structured to generate significant monthly income, potentially offsetting a substantial portion, if not all, of your mortgage repayments and holding costs. This unit could cover over of an estimated mortgage payment. Dual-Stream Capital Growth: You are investing in two properties on a single title. Benefit from capital appreciation on both the principal dwelling and the income unit, accelerating your net worth faster than a standard residential purchase. Mortgage Qualification Advantage: The confirmed rental income from the second unit can often be used to strengthen your borrowing capacity with lenders, making this premium property more accessible. Built-in Risk Mitigation: Should your personal circumstances change, you have immediate, proven flexibility. You can live in one unit and rent the other or rent both for maximum income generation. Your asset is agile and resilient. Accelerated Debt Reduction: Use the consistent, non-stop rental revenue to make extra payments on your mortgage. Shorten the life of your loan and realize equity years sooner. The Numbers Speak for Themselves: We have prepared a comprehensive Financial Performance Report that details the potential annual gross yield, net rental income projections, and estimated cash flow analysis. Ask us today for a full breakdown of the projected Gross Yield and see exactly how this property stacks up as a high-performing asset in the current market. Invest smart, live well. This is more than a home; it's a proven wealth-building strategy.

By Negotiation

Situated in one of Taumarunui's most desirable locations, this property offers a rare opportunity with two separate dwellings on one title. Perfect for; • Home and income - live in one and rent the other • Extended family living - ideal for multi-generational households • Investment - strong dual-income potential • Guest accommodation or Airbnb - great flexibility for visitors Motivated vendors have asked us to take this property to auction to get it SOLD! The property boasts fantastic potential in the way of subdivision (council permitting) and resell with the vendors already making preliminary enquiry on this, while also could deliver excellent rental returns over 9% per annum (on $800 per week rental appraisal). The rear home is a recent new build so is already HH compliant and the front property is largely double glazed with only a few minor tasks required for Healthy Homes. A tonne of potential with the ability to achieve excellent returns makes this property a great option in climbing the property ladder and expanding your portfolio. Call now to find out more about this excellent opportunity. The property is to be Sold by auction (unless sold prior) on the 11th February, 1pm at the Taumarunui squash club.

Auction