J / 665 Pioneer Highway
Highbury
$675,000
6
3
1
341m²
+10% Gross Yield

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UNDER OFFER - Set on the edge of expansive Monrad Park and just 1.4km from Arena Manawatu, this generously sized six-bedroom, three-bathroom home is packed with space, versatility, and value. Originally part of a working motel, it now presents a rare opportunity for families needing room to grow — or for investors seeking maximum return.

Healthy Homes Certified, $73,138 Rental Guarantee for one year provided.

Rental Estimation:
Per Week: $1,356.54 - $1,406.50 including GST
Per Annum: $70,540 - $73,138 including GST
Estimated Gross Yield 10.5% -10.8

Set across two levels, the layout offers incredible flexibility. Each floor includes its own kitchen, with the downstairs area featuring an office and multiple living zones. Upstairs, a balcony overlooks a sunny private courtyard, while ample built-in wardrobes and storage spaces throughout the home ensure practicality matches scale.

This is an ideal setup for multi-generational living, a home-and-income scenario, or a high-yield rental investment. The internal-access garage and additional off-street parking add even more functionality.

A short 15-minute walk to New World Pioneer, five minutes by car to Pak’nSave and The Square, and walking distance to both Monrad Intermediate and Te Kura o Takaro Primary School — location doesn’t get more convenient.

For buyers seeking a large home with serious upside in a popular city setting, this one is hard to overlook.

Overview:
Tenancy 1: Downstairs Office at $337 per week, $17,500 per annum, leased periodically.
Tenancy 2: Downstairs, currently vacant, $500 per week.
Tenancy 3: Upstairs, leased at $580 per week.
All above, including GST

Suggest all parties rely on their own technical, professional and financial investigations of this property.

Floor Plan

Floor Plan

Location

Get in touch to discuss this property

Jeremy Kelleher

Jeremy Kelleher

027 873 5722

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Kelleher Real Estate Public Website Terms and Conditions

By using this website or any other platform where Kelleher Real Estate content is displayed (including print media, digital advertising, and any other form of media), you will be deemed to have accepted these terms and conditions, so please read them carefully.

General Provisions
These terms and conditions are governed by and construed in accordance with New Zealand law, and you accept the exclusive jurisdiction of the New Zealand courts. You accept that we may change these terms and conditions at any time, and any revised terms and conditions displayed on our website or any other advertising platform from time to time will apply to your use of our website, its content, and any service supplied by us. Your continued use indicates your acceptance of the changes.

Website Commitment
We will endeavour to keep our website and its contents up to date and accurate. However, we make no representation or warranty (whether express or implied) that the content displayed on our website, print materials, or any other advertising platform is up to date or accurate. The images used, including in print or digital advertising, may be artist’s impressions or have been edited, although all care has been taken to mirror specifications and colours. Please rely on the Sale and Purchase Agreement for specifications. Dimensions and highlighted areas are approximate only and should be used as a guide. Please refer to the Sale and Purchase Agreement for final details.

We will endeavour to allow you access to our website, but we make no representation or warranty (whether express or implied) that the website or any service supplied by us will:

  • Operate on a continuous or fault-free basis.
  • Be secure or private.
  • Be free of viruses or other harmful features.

We are not responsible for:

  • Any device or other equipment not owned or supplied by us.
  • Any use of our website or any service supplied by us that is inconsistent with the directions or instructions for use or is contrary to these terms and conditions.

Your Responsibilities
While using our website, its content, or any service supplied by us, you must:

  • Comply with these terms and conditions and any other agreements you may have with us.
  • Ensure all information you supply to us is current, complete, accurate, and provided in a timely manner.
  • Comply with all applicable laws, regulations, standards, and codes.
  • Not damage or disrupt our website, its content, or any service supplied by us.
  • Not use our website, its content, or any service supplied by us for unlawful or harmful purposes.


Copyright and Intellectual Property
Unless otherwise stated, the material published on our website, in print media, digital advertising, or any other advertising platform is our copyright. No part of such material may be reproduced, in whole or in part, without our prior specific written permission. You acknowledge that you have no claim or interest in our Intellectual Property, other than the rights expressly provided to you in these terms and conditions or any other agreement you may have with us.

You must not copy, reproduce, or use any of our Intellectual Property without our prior written consent unless required for the purpose of using our website, its content, or any service supplied by us.

All rights reserved. Kelleher Real Estate reserves the right to update or amend the website, its content, or any service at any time without prior notice.

Privacy and Marketing
We may collect and hold personal information that you provide to us, including for the purposes of responding to inquiries, processing your requests, or providing services. By submitting your information to us, you consent to us contacting you with marketing material, special offers, or updates on services related to Kelleher Real Estate. You acknowledge and agree that this information may be used by Kelleher Real Estate for marketing purposes unless you opt-out as outlined below.

You have the right to:

  • Update your personal information, correct any inaccuracies, or remove your details from our system at any time.
  • Opt-out from receiving marketing communications at any point by contacting us directly.

To update your information, request its removal, or opt-out of receiving marketing communications, please contact us at [insert contact details].

Disclaimer
Information provided on our website, in print media, digital advertising, or any other platform may change from time to time. In particular, we reserve the right to change the contents of any listing or withdraw any listing at any time without notice. While every effort is made to ensure the accuracy and up-to-date nature of the information, we make no warranty or representation as to the accuracy, completeness, or usefulness of any information contained in our website, print media, or digital advertising.

Property Listings Disclaimer: Some images are artist’s impressions only or have been edited. While all care has been taken to mirror specifications and colour, please rely on the Sale and Purchase Agreement for accurate specifications. Dimensions and highlighted areas are approximate only and should only be used as a guide. Interested persons should rely on their own investigations and the information provided by Kelleher Real Estate.

Interested persons are advised to rely on their own investigations regarding the property, including but not limited to consulting independent professional parties such as a lawyer, accountant, building inspector, and surveyor. Kelleher Real Estate Limited is a licensed agent under the Real Estate Agents Act 2008 (REAA).

We disclaim any liability in relation to the accuracy, completeness, or usefulness of any content displayed through our website or in any media advertising.

Liability
We (including our officers, employees, contrators and agents) will not be liable for any direct, indirect, or consequential damage, loss, cost, or expense (including damage to property, injury to persons, loss of profits, or loss of data) arising from the use of our website, its content, or any service supplied by us.

If, despite the above, a court holds us liable in relation to any matter arising under or incidental to these terms and conditions, our total aggregate liability will be limited to the sum of $100.00.

If you are using our website, its content, or any service supplied by us for non-business purposes, you retain rights under the Consumer Guarantees Act 1993. Nothing in these terms and conditions excludes or limits rights provided under New Zealand legislation that we are unable by law to exclude.

Kelleher Real Estate Public Website Terms and Conditions

By using this website or any other platform where Kelleher Real Estate content is displayed (including print media, digital advertising, and any other form of media), you will be deemed to have accepted these terms and conditions, so please read them carefully.

General Provisions
These terms and conditions are governed by and construed in accordance with New Zealand law, and you accept the exclusive jurisdiction of the New Zealand courts. You accept that we may change these terms and conditions at any time, and any revised terms and conditions displayed on our website or any other advertising platform from time to time will apply to your use of our website, its content, and any service supplied by us. Your continued use indicates your acceptance of the changes.

Website Commitment
We will endeavour to keep our website and its contents up to date and accurate. However, we make no representation or warranty (whether express or implied) that the content displayed on our website, print materials, or any other advertising platform is up to date or accurate. The images used, including in print or digital advertising, may be artist’s impressions or have been edited, although all care has been taken to mirror specifications and colours. Please rely on the Sale and Purchase Agreement for specifications. Dimensions and highlighted areas are approximate only and should be used as a guide. Please refer to the Sale and Purchase Agreement for final details.

We will endeavour to allow you access to our website, but we make no representation or warranty (whether express or implied) that the website or any service supplied by us will:

  • Operate on a continuous or fault-free basis.
  • Be secure or private.
  • Be free of viruses or other harmful features.

We are not responsible for:

  • Any device or other equipment not owned or supplied by us.
  • Any use of our website or any service supplied by us that is inconsistent with the directions or instructions for use or is contrary to these terms and conditions.

Your Responsibilities
While using our website, its content, or any service supplied by us, you must:

  • Comply with these terms and conditions and any other agreements you may have with us.
  • Ensure all information you supply to us is current, complete, accurate, and provided in a timely manner.
  • Comply with all applicable laws, regulations, standards, and codes.
  • Not damage or disrupt our website, its content, or any service supplied by us.
  • Not use our website, its content, or any service supplied by us for unlawful or harmful purposes.


Copyright and Intellectual Property
Unless otherwise stated, the material published on our website, in print media, digital advertising, or any other advertising platform is our copyright. No part of such material may be reproduced, in whole or in part, without our prior specific written permission. You acknowledge that you have no claim or interest in our Intellectual Property, other than the rights expressly provided to you in these terms and conditions or any other agreement you may have with us.

You must not copy, reproduce, or use any of our Intellectual Property without our prior written consent unless required for the purpose of using our website, its content, or any service supplied by us.

All rights reserved. Kelleher Real Estate reserves the right to update or amend the website, its content, or any service at any time without prior notice.

Privacy and Marketing
We may collect and hold personal information that you provide to us, including for the purposes of responding to inquiries, processing your requests, or providing services. By submitting your information to us, you consent to us contacting you with marketing material, special offers, or updates on services related to Kelleher Real Estate. You acknowledge and agree that this information may be used by Kelleher Real Estate for marketing purposes unless you opt-out as outlined below.

You have the right to:

  • Update your personal information, correct any inaccuracies, or remove your details from our system at any time.
  • Opt-out from receiving marketing communications at any point by contacting us directly.

To update your information, request its removal, or opt-out of receiving marketing communications, please contact us at [insert contact details].

Disclaimer
Information provided on our website, in print media, digital advertising, or any other platform may change from time to time. In particular, we reserve the right to change the contents of any listing or withdraw any listing at any time without notice. While every effort is made to ensure the accuracy and up-to-date nature of the information, we make no warranty or representation as to the accuracy, completeness, or usefulness of any information contained in our website, print media, or digital advertising.

Property Listings Disclaimer: Some images are artist’s impressions only or have been edited. While all care has been taken to mirror specifications and colour, please rely on the Sale and Purchase Agreement for accurate specifications. Dimensions and highlighted areas are approximate only and should only be used as a guide. Interested persons should rely on their own investigations and the information provided by Kelleher Real Estate.

Interested persons are advised to rely on their own investigations regarding the property, including but not limited to consulting independent professional parties such as a lawyer, accountant, building inspector, and surveyor. Kelleher Real Estate Limited is a licensed agent under the Real Estate Agents Act 2008 (REAA).

We disclaim any liability in relation to the accuracy, completeness, or usefulness of any content displayed through our website or in any media advertising.

Liability
We (including our officers, employees, contrators and agents) will not be liable for any direct, indirect, or consequential damage, loss, cost, or expense (including damage to property, injury to persons, loss of profits, or loss of data) arising from the use of our website, its content, or any service supplied by us.

If, despite the above, a court holds us liable in relation to any matter arising under or incidental to these terms and conditions, our total aggregate liability will be limited to the sum of $100.00.

If you are using our website, its content, or any service supplied by us for non-business purposes, you retain rights under the Consumer Guarantees Act 1993. Nothing in these terms and conditions excludes or limits rights provided under New Zealand legislation that we are unable by law to exclude.