Property Type
- Investment
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- Residential
- Commercial
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ID#441219
Greerton
Tauranga City
Auction
0
0
458m²
(4,929.87 sq.ft.)
1,390m²
(14,961.82 sq.ft.)
proudly marketed by
Tony Doms
Associated Realty Ltd MREINZ
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
Features
- Off-street parking
Agent
Tony Doms
Associated Realty Ltd MREINZ
Licensed Real Estate Agent (REA 2008)
Tony's career in the real estate industry spans over 30 years when he joined Bay of Planty Real Estate Ltd in Tauranga as a Salesperson specialising in placing home purchasers into their first homes. Tony's switch to Commercial and Industrial sales and leasing occurred when he first joined Associated Realty's Rotorua office in 1993. Along the way Tony has gained extensive experience and knowledge of all aspects of marketing, leasing and sales of commercial and industrial property, he provides his clients an exceptional level of expertise and service. Tony has been a keen motorcyclist for many years, and is currently building a John Welsford sailing boat in his spare time. For quality advice, service and results contact Tony.
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