![]() Asset Class: | Multi-Tenanted |
![]() Price: | $ 4000000 |
![]() Net Yield: | 7.35 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | On Market |
<span style="color:rgb(101, 96, 93);">Available for the first time in some 30 years this asset provides a significant opportunity to acquire a superb split risk/mixed use commercial investment. </span><br><br><span style="color:rgb(101, 96, 93);">Fully tenanted, the property features a diversified income stream from four long established occupiers including Super Liquor Greerton, Tyre Master Greerton, Garden Forest Marine and The Hanmer Clinic Tauranga. </span><br><br><span style="color:rgb(101, 96, 93);">The building comprises a substantial two-level premises that is very well presented and boasts and A+ Grade / 100% NBS seismic rating for peace of mind.</span><br><br><span style="color:rgb(101, 96, 93);">Situated on a profile site at the southern end of core transport corridor Cameron Road, the property benefits from a highly visible and strategic position within close proximity to the thriving Greerton shopping precinct.</span><br><span style="color:rgb(101, 96, 93);"> </span><br><span style="color:rgb(101, 96, 93);">Commercial opportunities of this calibre are currently scarce in the Tauranga market, and this must command serious attention from astute investors looking to secure a hands-off investment with strong returns for a long-term hold!</span>
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<b>Tauranga is the fifth largest city in New Zealand and is one of the fastest growing areas in the country with a population of over 153,000 that is projected to be upwards of 166,300 by 2028.</b><br><br>This harbourside city, covering an area of 168 square kilometres, is the main urban and primary business centre for the Bay of Plenty region. The Bay of Plenty outperforms much of New Zealand in the economic stakes, and the region consistently tops the ASB’s quarterly regional economic scoreboard.<br><br>Tauranga has a strong industrial sector that is located around the Port of Tauranga, which is New Zealand’s largest export by volume and the second largest in terms of container throughput. The Tauranga city accounts for 49% of the Bay of Plenty economy, with key economic elements for the region that include tourism, horticulture, viticulture, kiwifruit, pastoral farming, housing, and exporting.<br><br>The Bay of Plenty lifestyle is a significant drawcard for residents and the business community. It’s a region where a healthy work/life balance can be achieved. Mount Maunganui is a superb recreational centre, with the landscape dominated by three key features – the harbour, the beautiful ocean beach, and the magnificent Mauao (Mount Maunganui), the cultural focal point of the region. The Mount is a world-famous beach, having been crowned the “Best Beach in New Zealand” by TripAdvisor and ranking amongst the top 25 best beaches in the world.<br>
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<b>01 The Asset</b><br>Substantial standalone two-level 1,921sqm (approx.) building with an A+ Grade / 100% NBS seismic rating.<br><br><b>02 The Tenants</b><br>Strong occupancy history with a diverse range of four long-established tenants, including national brand Super Liquor.<br><br><b>03 The Site</b><br>Prime freehold 2,177sqm (more or less) commercial zoned site with a 41-metre frontage to Cameron Road.<br><br><b>04 The Return</b><br>Solid income earner returning an impressive annual net income of $294,155 + GST & OPEX.<br><br><b>05 The Location</b><br>Strategic high-profile position within the tightly held Greerton commercial hub, close to major arterial routes.<br><br><b>06 The Opportunity</b><br>Superb split-risk investment asset that is a proven passive performer for a long-term hold.