Greerton
Tauranga City

ID#441219
Listed 24 days ago

Auction
SOLD
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Property Details

Location:
Tauranga City
Bay of Plenty

Building
Land
Built In
458 m²
(4928 sq.ft.)
1,390 m²
(0.34 Acres, 0.14 Ha)

Industrial Building with Extra Land & Expiring Lease

Good solid stand-alone industrial property well positioned for easy access to Tauranga's roading network.
458 square metres of floor area configured as a single tenancy but could readily be reinstated into dual tenancies.
The 1,390 sqm site has ample parking and yard area, but best of all, the building footprint occupies less than 30% of the land area providing extra scope for expansion of the building or further development.
The current lease expires on 31 May 2019 which opens the way for owner occupiers, developers and other value-adders to take possession and get their business operation into action.
The property is woefully under-rented at $40,900 pa net, and new owners, with the right management, strategy and replacement tenants, could look forward to bettering the current returns significantly.
Owner-Occupiers, developers, land-bankers, or investors looking for a property with genuine upsides need to look at this property.
Contact Tony Doms today..

Keywords


Investment
Off-street parking

Auction Details

Location: Baycourt, 39 Durham Street, Tauranga
Time: Friday 1st February - 2pm

Sales Consultants

Tony Doms


Associated Realty Limited
Licensed Real Estate Agent (REAA 2008)
Phone: 07 281 1125
Mobile: 027 284 9742
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http://www.primecommercial.co.nz/profile/agent/27060

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alex.porteous@open2view.com
021 1464 078
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