HousePalmerston North (New Zealand)

Price :

on request

bedrooms12 bathrooms4 land3,541 m²

Welcome to a masterfully crafted impressive twelve-bedroom home offering unparalleled versatility for family living and income potential. Built in 2009 with New Zealand's renowned Henuera Stone, this large 614 sq m (more or less) home stands proudly on the outskirts of Palmerston North, within the highly sought-after Aokautere lifestyle community. This remarkable property presents a rare opportunity to accommodate large extended families for children and grandparents seeking ample space and ensuring the security of multi-generational living. Alternatively, for entrepreneurial spirits or savvy investors, envision the possibilities of transforming this majestic residence into a lucrative Airbnb venture.
The property features a two-bedroom apartment, providing the ideal owner's accommodation while managing the remaining ten bedrooms for rental income. With each room conservatively estimated to rent out at $200 per week, a potential gross annual income exceeds $100,000 gross less expenses, or choose the lucrative Airbnb lifestyle business offering a substantial income opportunity. Whether you choose to enjoy the luxury of a sprawling family home or embark on an exciting entrepreneurial venture, this property offers the best of both worlds. Embrace the lifestyle you desire while capitalizing on the investment potential of this exceptional property. Seize this rare opportunity to discover the endless possibilities awaiting you at this exceptional lifestyle address.
*Some images have been virtually staged.
Tender closes 1:00 p.m. Thursday 13 June 2024 in
New Zealand Sotheby's International Realty Palmerston North Office,
176 Broadway Avenue (unless sold prior)