• Tenanted investment with redevelopment potential
• 737sqm (more or less) freehold site
• Commercial zoning
• Net rental $46,240 p.a + GST
• 12 carparks at the rear of the property
An excellent opportunity to acquire this commercial zoned freehold site on the busy Cameron Road which is the main arterial route throughout central Tauranga, offering high exposure to all thoroughfare traffic.
A tenanted investment, the building at 568 Cameron Road is approx. 197sqm and currently provides a net rental of $46,240 per annum plus GST and outgoings, with market rent reviews applicable two yearly.
The property offers holding income with potential for partial or full redevelopment (by way of redevelopment provisions in Lease). The rear of the property is accessed via a legal right of way off Cameron Road where a majority of the site is undeveloped and currently provides 12 onsite car parks to the Tenant.
Bayleys Tauranga is pleased to present 568 Cameron Road for sale by deadline private treaty, closing 4pm Thursday 9th March 2023 (unless sold prior).
For additional information on this opportunity, please contact the sole agents Rory Brown and Christy Arundel.