Mt Maunganui / Papamoa
Strategic landbank location!
- High profile position on major arterial route
- Sought after Mt Maunganui business zone
- Net holding income of $72,806 pa + GST
- Future options to owner occupy or redevelop
- Location where demand constantly exceeds supply
Rare opportunity to secure a prime industrial site superbly positioned on one of the busiest streets in Mount Maunganui, being adjacent to the Totara Street Business Park and on the fringe of the main commercial precinct. The Port Of Tauranga operations are directly opposite the site.
Currently tenanted by vehicle hire company Rite Price Rentals the property provides an attractive holding income prior to the final expiry of their lease in November 2022. Improvements include a small administration office, sealed display yard and security fencing.
Situated in the tightly held Totara Street industrial hub in the highly sought after coastal investment location of Mount Maunganui, this is an outstanding landbank proposition for a new owner to reap the rewards of the future redevelopment potential the site has to offer!