Taupō
Units 1-4, 121 Te Heuheu Street, Taupō, Taupō
+25
Strategic landholding with immediate cashflow
Auction to be held at 4:00pm, Friday 10 April 2026 (unless sold prior)
44 Roberts Street, Taupo
Positioned on a high profile corner site on the fringe of the Taupō CBD, 121 Te Heu Heu Street presents a compelling opportunity to secure a multi tenanted residential investment in one of the town's most strategic locations.
Comprising four well proportioned two bedroom units, each approximately 84sqm in size with dedicated carports, the property is held on crosslease titles representing a quarter share of a substantial 1,016sqm (more or less) site.
All units are thoughtfully configured with north facing living areas positioned at the front, capturing natural light and providing warm, inviting interiors that appeal strongly to long term tenants.
The complex is well managed and well presented, with four established long term tenants currently in place. Together, the units generate a combined rental income of $2,160 per week, providing immediate cash flow and stability for investors* seeking reliable returns in Taupō's tightly held rental market.
Location is the true standout. Sitting on the corner of Kaimanawa Street and Te Heu Heu Street, the property enjoys exceptional accessibility and visibility. Being just moments from the commercial, retail and hospitality hub of central Taupō ensures enduring tenant demand, while also underpinning long term land value.
Beyond the existing income stream, the 1,016sqm (more or less) site opens the door to future upside. Investors* may choose to implement a staged modernisation programme to enhance rental returns and capital value over time. Alternatively, the scale and positioning of the land offer genuine redevelopment potential (subject to Council approval), making this a strategic landbank opportunity in a premium central location.
Multi unit investments of this calibre, combining immediate returns with long term development potential in the heart of Taupō, are rarely available. 121 Te Heu Heu Street is a smart acquisition for the forward thinking investor seeking both security and growth.
*Subject to the property complying with the Residential Tenancies Amendment Act 2020 for the purposes of a rental investment.
Grant Bayley
Westerman Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Clare Bayley
Westerman Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
North-facing
Comprising four well proportioned two bedroom units of approximately 84sqm each, all with dedicated carports and north facing living areas positioned to capture excellent natural light.
Location
Just moments from retail, hospitality and employment hubs, the location underpins strong occupancy and long-term land value.
Section
Held as a quarter share of a generous 1,016sqm (more or less) parcel, the scale of the landholding is a significant advantage in this tightly held central precinct.
Investment
Investors can implement a staged modernisation programme to further enhance rental returns and capital growth or explore redevelopment options (subject to council approval).
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