12
6
5
Potential plus
Superb location with options a plenty
On the corner Oceanbeach Road and Golf Road these iconic flats have provided a bed for many over the past 40 odd years. With shops and beach close by the location is superb. And while the building enjoys good solid income (5.5% gross of costs and depreciation) there is also real potential to convert the six units on 857m2 into holiday homes with existing garaging making way for a purpose built high stud boat parking facility. Capital valuation $1,315,000 (07/09).
66 Golf Road
Mt Maunganui
