CBD
Tauranga City

ID#446410
Listed 6 months ago

Auction
SOLD
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Te wāhi:
Tauranga City
Bay of Plenty

Whare
Whenua
Te ōrokohanga
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.

Ngā kupu matua


Inner City
Investment
Off-street parking

Māngai

Brendon & Lynn Bradley


Bayleys Tauranga - Success Realty Ltd MREINZ
Licensed Real Estate Salesperson (REAA 2008)
He mema o REINZ
Wāea: 07 571 4686
Wāea pūkoro: 021 816 600 (B) 027 441 1213 (L)
Īmera : Kei te utaina…
http://www.bayleys.co.nz

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Te whakaahua mō te papawhenua nei

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