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• 460sqm land area (more or less) with10 onsite rear car parks
• Prime split risk investment returning $109,000 +GST net rent p.a.
• 2 level commercial building of 390sqm (approx.) with two established tenants
• City Centre zoned site with redevelopment potential up to 19 metres
• A grade / 90% NBS seismic rating providing quality office accommodation
Location is the key to this commercial site that is strategically situated in a highly sought-after Tauranga city fringe office area and is poised to benefit from major redevelopment projects taking place that are revitalising the city centre.
This property comprises a conventional two-level commercial premises that is positioned to the Cameron Road frontage with the balance providing rear onsite sealed parking for ten tenant vehicles accessed via West Bay Lane. The building is well presented and has an A grade / 90% NBS seismic rating for peace of mind.
Leased to long established and reputable tenants The Kitchen Studio on the ground floor and GPS IT on level one, (with a break clause that could suit an owner occupier) this offering must appeal to astute investors looking for a long-term hold with potential for future rental upside underpinned by strong tenant demand in this area.
This is a prime Tauranga investment opportunity to acquire an affordable split-risk asset that is a proven and passive income earner and offers a rare chance to purchase on core transport corridor Cameron Road!