108-128 Durham Street, City Centre, Tauranga, Bay Of Plenty

This substantial A-grade office complex offers a rare opportunity to secure a premium commercial asset in the heart of the Tauranga CBD. Positioned directly opposite the new university precinct and surrounded by major civic, government, and private developments, the property sits on a 2,862m² freehold commercial site with a total floor area of 9,895m² spread across four levels. Anchored by gold-standard tenant Mercury Energy on a long-term lease, this modern office building will benefit from excellent future rental growth, with current rental rates offering upside in a rising market. The property boasts 61 secure basement car parks, along with dedicated motorbike and bicycle parking, providing convenience for tenants and visitors alike. The building also features top-class onsite facilities, rear service lane access, exceptional public transport connectivity and impressive harbour views from the upper levels. Astute investors should take this unique opportunity to acquire such a landmark office asset, with a substantial modern building at well below replacement cost and having the security of income from NZX listed energy company as a tenant.

Features:

• Mercury Energy on long term lease
• Modern A-grade office building
• Current net rental: $3,263,382.35 + GST & outgoings
• Total floor area of 9,895m²
• 61 + basement carparks
• Wide street frontage
• Excellent future rental upside
• High quality tenant fitout

For Sale by Negotiation

More information: https://www.colliers.co.nz/p-NZL67034266