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Listed about 1 month ago

ID#506925

127 Second Avenue,

Tauranga City

Tauranga
Auction
445
Approx
627
* 445m²=4,790 sq.ft.   627m²≈6,749 sq.ft. (0.06 Ha)

What's cooler than cool?

Clad in grey, the new black, there are a few design cues as to what the converted 1960's industrial building holds inside. The external steel portals, from 2017's earthquake strengthening, the huge east facing wired glass windows and the bright red door onto Second Ave.

The property was originally constructed in 1967 as a car painting facility and has had several lives since then, including a being part of NZ Post and a sticker printing factory. Fast forward to today and the shell is similar, but now the space is being utilised to take advantage of the Commercial Zoning the address enjoys.

Inside are three commercial tenancies, each with features showing the buildings industrial past. Each tenancy uses a pallet of steel, brick, concrete, glass and wood.

The smallest tenancy is a mezzanine office, bathed in light through its many windows and skylights. There is a reception, staffroom and bathroom to compliment the open plan office space.

The middle tenancy middle sized tenancy is occupied by a wrap company. There is a reception and offices to Second Ave, a ply clad with exposed metal work warehouse and staffroom in the rear. When the roller door is open the interior is flooded in warm sunshine.

The largest tenancy is straight out of a design magazine. The accountancy firm the occupies the space, designed and had the space fit out for their purpose. The use of industrial chic is personalised with the clever use of eclectic furnishing, colourful art and an Instagram worthy plant collection.

Behind the modern design ethos, the fundamentals to make this an excellent commercial investment are there. Three separate diverse tenants and a net rent roll of $122,500 plus outgoings and GST, in a popular CBD fringe location with onsite parking.

To be sold at auction on the 12th of May 2021, this property is will look great in any investors portfolio, be it their first or the cherry on the cake.

Features:

Rental $122,500 + GST and Outgoings

Multi Tenanted

Central city location

Onsite parking

For Sale by Auction, 12:30pm, Wednesday 12th May 2021, Armitage Hotel, 9 Willow Street, Tauranga (unless sold prior)

Keywords

Location

  • Inner City

Property Type

  • Investment
  • Character

Features

  • Off-street parking

  • Rental $122,500 + GST and Outgoings
  • Multi Tenanted

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Agent

Mathew Gibbard

Colliers Tauranga

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

MATHEW GIBBARD is a Commercial & Industrial Sales and Leasing Agent with Colliers covering the Bay of Plenty. He has a focus on commercial and industrial property sales & leasing in Tauranga, Rotorua and the greater Bay of Plenty area. His specialty is the sale and leasing of office and retail spaces and buildings.

Mat is experienced in a variety of markets and property types from a broad and varied career based in Wellington, Auckland, Queenstown, Sydney, USA, and 10 years in Tauranga. Mat has had a 30 year career in sales, customer service, management, start-ups, hospitality and insurance. This is backed up by a Bachelor of Commerce and Marketing and New Zealand Certificates of Financial Services and Real Estate. These skills give him a unique insight of the Bay of Plenty commercial and industrial markets which helps add value to his real estate clients’ transactions. He can help you decide when it’s the best time to move, sell, lease or buy for your best return. He understands potential costs and risks to your investment property/business, specifically from his Insurance background dealing with fire and general, private & commercial, business, risk management, and the EQC.

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This property was photographed by

Bronson Tuporo

Bay of Plenty

CAA Part 102 Certified
ID#506925

127 Second Avenue,

Tauranga City

Tauranga
Auction
proudly marketed by
Mathew Gibbard
Colliers Tauranga
Mathew
+64 27 223 3069
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