249 Maunganui Road, Mount Maunganui, Tauranga, Bay Of Plenty

Opportunities like this don't linger. A motivated vendor has created the window and savvy buyers know that a substantially renovated, A-grade commercial building on one of New Zealand's most iconic beachside streets, priced to sell, is as rare as it gets. If you've been waiting for the right Mount Maunganui commercial asset to come to market, your wait is over. The building is configured into multiple tenancies that can cater to retail, hospitality, and office spaces, and also includes an exclusive apartment on the top floor with elevated views. The ground level offers a premium street front retail position with an open-plan area of approximately 425m² which can be split into multiple tenancies, while Level 1 provides a range of office suites from 100m² to 200m², with flexibility for larger spaces if required. Level 2 features a single office of 112m², ideal for a boutique operation or professional workspace. Set on a valuable 1,331m² freehold site in the heart of Mount Maunganui's hospitality and entertainment strip, the property delivers a substantial 1,325m² multi-level building that has recently undergone extensive renovations to A-grade standard. Complete with a lift, rear service lane access, and ample covered and uncovered on-site parking. Directly opposite the park and cruise boat terminal, and just a short stroll from the beach, Pilot Bay, and the famous Mount walking tracks, the location is simply unmatched. With a permitted building height of 22m under the high rise commercial zone, significant further development upside exists for those who think beyond today. The building is ready for immediate occupation, currently configured to be leased as a whole or multiple income producing portions. For the investor seeking a high profile, fully renovated, multi-tenancy asset in one of New Zealand's most sought after destinations, the vendor's motivation is your opportunity. Move quickly.   For Sale by Auction at 11am, Thursday 4th June at the Mercure Hotel (previously Armitage Hotel) Tauranga (unless sold prior).

Features:

• Motivated vendor — priced to sell
• Prime downtown Mount Maunganui location
• Ample covered & uncovered parking
• Ready for immediate occupation
• Valuable 1,331m² freehold site
• Substantial 1,325m² multi-level building
• Extensively renovated to A-grade standard
• High rise commercial zone
• 22m permitted building height
• Significant development upside
• Multiple tenancy configuration
• Retail, hospitality, office & top-floor apartment

For Sale by Auction at 11am, Thursday 4th June at the Mercure Hotel Tauranga (unless sold prior)

More information: https://www.colliers.co.nz/p-NZL67040066