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Listing Description

Listed: Thu, 19 Oct

3 Bite Size Investments

Tenancy 1, 3 & 5, 277 Maunganui Road, Mount Maunganui, Tauranga, Bay Of Plenty

Price by negotiation

Details

  •   77-96m² Floor
AttributeValue
Property use
Retail
Agency reference
NZL67025394

Description

The first time on the market are these three affordable high profile tenancies.  This location does not disappoint being so handy for locals but also taking advantage of holidaymakers all year round. Mount Maunganui investment are tightly held so to be able to have a chance at these is a scarce opportunity worthy of any astute investor.   Tenancy 1 plus 1 carpark – The owner occupies and investors need to pay attention to this affordable 83sqm of high profile ground floor tenancy.   The current tenant's lease has lapsed and is now on a monthly lease allowing the opportunity to be sold vacant.  Vacant tenancies are hard to come by, a perfect opportunity. Market rental circa $30,000 to $33,000. For Sale by Asking Price of $535,000 + GST (if any)   Tenancy 3 plus one carpark - This 77sqm tenancy has been tenanted for over 10 years by Nine Lives an established business buying and selling designer clothing to Mount locals and tourists.  The current lease runs till February 2025 (no renewals) with annual CPI growth.  Seldom available in such a prime Mount location. For Sale by Asking Price of $495,000 + GST (if any)   Tenancy 5 plus one carpark - Mount Barbering have been a tenant here for over 10 years, proving the viability of this location. This 96sqm tenancy offers high profile Maunganui Road location, great customer car parking out the front and a captive clientele from the neighbouring apartments, motels, hotels, and surrounding businesses.  Fully self contained with it’s own amenities and rear access to one secure undercover car park. For Sale by Asking Price of $595,000 + GST (if any)   Each tenancy is fitted out with their own amenities, kitchenette, suspended ceiling, lighting, heat pump and rear access to one secure car park.


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Agent's details

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Colliers, Tauranga Commercial, CPS Partnership Ltd Tauranga, (Licensed: REAA 2008)

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