Bayleys Tauranga is proud to offer Unit 20, 83 Pyes Pa Road, Pyes Pa for sale by negotiation.
• Health grade investment property with established tenant
• Sought after property within modern Pyes Pa Shopping centre
• Significant 220sqm (approximately) end unit with share in large car parking area
• Adjacent quality occupiers such as Liz Van Welie swim school, Fresh choice, Family Doctors, BestStart, The Lakes Dentists and neighboring the Althorp retirement village
• Renewed four (4) year lease with a further right of renewal
• Fully managed returning $82,600pa + GST and outgoings with CPI and market reviews
Immaculately presented property leased to a well-known Bay of Plenty business, Body In Motion, secured on a renewed four (4) year lease with right of renewal, providing long-term stability and potential for growth.
Encompassing 220sqm (approximately), a share of approximately 180 common car parks and situated as an end tenancy. The property benefits from excellent natural light and signage, providing the occupiers a large pilates studio, consulting rooms, waiting room and lunch room with associated amenities.
Currently under full property management, this will have appeal for those looking for a hands-off investment, with a rental income of $82,600 per annum plus outgoings and GST and a combination of market and CPI rent reviews, this investment property promises excellent returns and potential for good rental growth into the future; a worthy bottom drawer investment property.
Opportunities like this are rarely available, so don't miss out on the chance to secure this trophy investment.
Make your move today and contact Myles Addington on 021 622 229 for more information and to book an inspection.