CBD
Tauranga City

ID#446410
Listed about 1 month ago

Auction
SOLD
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Property Details

Location:
Tauranga City
Bay of Plenty

Building
Land
Built In
478 m²
(5143 sq.ft.)
446 m²
(4,799 sq.ft.)

Tauranga CBD Trophy

For Sale by Auction (unless sold prior) - 1pm Wednesday 10th April 2019

•Superb opportunity to secure a prime Tauranga retail property

•Zoning allows for future multi level redevelopment up to 49 metres

•80% NBS (Grade A) seismically strengthened building

•Strong national & local tenant mix/solid income earner & cashflow

•Impressive annual net rental of $166,524 + GST & OPEX

This property comprises a single level commercial building with an expansive frontage that presents extremely well and occupies a premium position on Spring Street in the heart of the Tauranga CBD.

The building provides a split risk mix of five upmarket retail tenants including two national traders on various lease terms that are well structured and currently returns an impressive annual net rental.

This character building with an 'A Grade' seismic rating has been in the same family ownership for over 70 years and has become a landmark property in downtown Tauranga formerly known as 'Davidsons'.

Commercial opportunities of this calibre are scarce in the Tauranga market and this multi tenanted investment must command serious attention from investors nationwide.

Keywords


Inner City
Investment
Off-street parking

Auction Details

Location: Bayleys Auction Rooms 47 Cameron Road
Time: Wednesday 10th April - 1pm

Sales Consultants

Brendon & Lynn Bradley


Bayleys Tauranga - Success Realty Ltd MREINZ
Licensed Real Estate Salesperson (REAA 2008)
Member of the REINZ
Phone: 07 571 4686
Mobile: 021 816 600 (B) 027 441 1213 (L)
Email: Loading...
http://www.bayleys.co.nz

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James Sales
james.sales@open2view.com
027 214 9900
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