1/29 Rifle Range Road, Taupo, Taupo

Lake proximity, investment gem

Situated just metres from the lakefront and a short stroll to the town centre or Praters Shopping Centre, this versatile property offers exceptional potential. Set on a fully fenced half share of an 894sqm (more or less) section, this 192sqm (more or less) home, plus sleepout, presents a unique blend of income and development prospects in a high-density residential zone.

The main dwelling is currently configured as two self-contained apartments, delivering strong rental returns. The upper level apartment features an open plan lounge with a heat pump, dining, and kitchen area flowing to a wrap around deck via four ranch sliders—three off the lounge and one from the "master" bedroom. This level also offers an additional two double bedrooms with built-in wardrobes and a family bathroom with a shower over the tub and separate W/C.

Downstairs, the second apartment boasts a spacious open plan lounge, dining, and kitchen with a heat pump, three double bedrooms (one with ranch slider access to the low-maintenance grounds), a modernised family bathroom with a shower, and a separate W/C. A dedicated laundry with ample storage completes the package.

Adding to the property's appeal, the sleepout includes bench space, a bathroom with shower and laundry facilities, as well as ranch slider access, providing flexible additional accommodation options.

Whether you're looking to invest*, develop, or enjoy a dual-income setup, this property is a prime opportunity in a central location. Act now to secure this exceptional offering!

*Subject to the property complying with the Residential Tenancies Amendment Act 2020, effective 1 July 2019 for the purposes of a rental investment.