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Listed 3 months ago

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ID#474825

42-46 Jellicoe Street,

Te Puke

Tauranga District & Western BOP
Tender
0
0
1,500
1,452
* 1,500m²=16,146 sq.ft.   1,452m²=15,629 sq.ft. (0.15 Ha)

Superb high-profile CBD corner block

- Superb high profile site

- Split-risk asset with 11 tenancies

- Strong income earner and cashflow

- Substantial arcade complex with on-site parking

- Current annual net rental $171,296 + GST with upside

- Profile 1,452sqm CBD site with 1,500sqm building

The property comprises a part two-level arcade complex known as Palmer Court. The ground floor includes nine separate office/retail tenancies with one current vacancy and the upper level has been partitioned to provide two office suites.

The building occupies a prime corner block towards the eastern end of Jellicoe Street which is the principal retail strip in the township. The site enjoys expansive frontages to Jellicoe Street, Palmer Lane and Commerce Lane.

The "Kiwifruit Capital of the World" and the horticultural hub of the eastern Bay of Plenty region, Te Puke is a thriving rural service town that is a major centre for New Zealand's billion dollar kiwifruit industry.

Given the strength of the multi-tenant income streams, this arcade property must appeal to savvy investors looking for an attractive provincial return on investment!

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Agents

Brendon & Lynn Bradley

Success Realty Ltd MREINZ

Licensed Real Estate Salesperson (REA 2008), Member of the REINZ

Ryan Bradley

Success Realty Ltd MREINZ

Licensed Real Estate Salesperson (REA 2008), Member of the REINZ

Ryan brings a wealth of experience from Wilson Parking New Zealand where he led the Auckland based sales and leasing team responsible for 120 car park premises in the upper North Island. During 5 years in the business Ryan also gained valuable knowledge in facilities management and was lead negotiator for Wilson Parking successfully securing tenure with numerous national tenants. Ryan’s outstanding communication and presentation skills also landed him a cameo as a TV and Radio Presenter for TAB Trackside. In 2018 Ryan joined the Bayleys Tauranga Commercial Team to combine his property experience with his presentation prowess with immediate success. Son of top commercial agents Brendon & Lynn, Ryan continues the Bradley legacy providing professional and innovative solutions in facilitating all property sales and leasing transactions.

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This property was photographed by

James Sales

Bay of Plenty

CAA Part 102 Certified
ID#474825

42-46 Jellicoe Street,

Te Puke

Tauranga District & Western BOP
Tender
proudly marketed by
Brendon & Lynn Bradley Ryan Bradley
Success Realty Ltd MREINZ
021 816 600 (B) 027 441 1213 (L)
Ryan
+64 27 472 2865
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