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Bay of Plenty
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.
|Location:||Bayleys Auction Rooms 47 Cameron Road|
|Time:||Wednesday 10th April - 1pm|