3 St John Street, CBD
Tauranga City

ID#441755
Listed 6 months ago

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UNDER CONTRACT
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Property Details

Location:
Tauranga City
Bay of Plenty

Building
Land
Built In
356 m²
(3831 sq.ft.)
N/A

Location plus potential

- 356mm² commercial building located on a stratum in freehold title

- Popular city fringe commercial zone that allows for multiple future use options

- Established tenant Speed factor providing annual net rental of $38,680.09 + GST + Outgoings

- Current three-year lease term plus further ROR, with final expiry October 2023

- Primed for future redevelopment, this tightly held precinct offers massive potential for service and trade related businesses

- Upside for rental growth with next review due November 2020

Standing proudly on the majority of its site, this building provides a mix of warehouse with mezzanine storage, office and showroom areas that have evolved over the years to accommodate the tenants expanding growth. The property allows for parking at front of the premise as well as access to the western end of the warehouse via a rear service lane.

Location plus potential here equals an outstanding opportunity for astute investors and potential owner occupiers alike

Early registration recommended as this offering will be in strong demand.

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Sales Consultants

Jo Stewart


Bayleys Tauranga - Success Realty Ltd
Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
Phone: 07 571 4687
Mobile: 027 641 1680
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http://www.bayleys.co.nz/Franchises/Success-Realty-Limited/Tauranga

Graeme Coleman


Bayleys - Tauranga
Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
Phone: 07 579 0602
Mobile: 027 574 1610
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http://www.bayleys.co.nz

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027 214 9900
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