Nicholas Meloni

Tauranga Sales Specialist

As a licensed Real Estate salesperson Nicholas and his team provide strategic marketing and comprehensive reporting to his clients across the Tauranga market.


Invest For a Great Yield - Parkvale Sold

Tauranga, Parkvale 5/430 Fraser Street
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Property ID: EBT3182

If you're looking for a low maintenance, brick and tile investment then look no further. This two-bedroom, brick and tile unit in such a convenient location just a six-minute walk to Yatton Park and a short drive to the Greerton Village. This cross-lease unit comes complete with a single carport plus space for other off-street parking. New insulation was installed just last year. Currently receiving $340pw in rent and with the tenants keen to stay, this could be the best opportunity available in Tauranga and the best investment you make. Now surplus to requirements for the current owners, add this to your portfolio and reap the benefits.

Legal Description:

Firstly an estate in fee simple as to an undivided 1/7 share in all that parcel of land containing 2207 square metres (more or less) being Lot 1-2 on DPS 10012 and secondly an estate in Leasehold under Lease number L HO19240.5 being Flat 5 on DPS 20059 and Carport 5 DPS 20059. Both the first and second estates being comprised and described in Certificate of Titles SA18D/1203 and SA18A/189 (South Auckland Registry).

Land Valuation:


Capital Valuation:


Capital Valuation Date:


Year Built*:



$1,982 approx per annum

Exterior Construction:



Corrugated Iron



House Area*:

68 square metres (approx)




Fixed Floor Coverings, Curtains, Electric Stove


*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.