1/251 Fraser Street, Tauranga South, Tauranga, Bay Of Plenty

Positioned in the heart of Fraser Cove Shopping Centre, this well-presented retail tenancy offers excellent profile and convenience, with generous parking right at the door. Repco has a lease until December 2027 when they vacate the property, so there is ample time to plan what you want to do with the substantial commercial premises. The property suits both owner-occupiers wanting to repurpose for retail, office, medical and other commercial uses, and investors seeking a quality asset in a high performing commercial environment with substantial cash returns.    If you are a passive investor the center is professionally managed by NZRPG, Fraser Cove who sources new tenants in this vibrant centre and manages the day to day running of the investment.   Fraser Cove’s central location ensures excellent accessibility across the wider area. The 32,000m² large-format retail and commercial hub offers more than 1,200 car parks and is home to many of New Zealand’s most recognised brands, including Reduced to Clear, Cracker Jacks, Chemist Warehouse, Repco, Countdown, Evo Cycles, Burger King, and others that continue to drive consistent foot traffic.   Contact Simon or Rachel for more information.

Features:

• Current lease ends December 2027
• Building area: 545m²
• Commercial zone
• Current net rental of $175,000 + GST
• Popular shopping centre
• Next door to Woolworths
• Priced below CV
• Ample on site parking
• Rear loading access

For Sale by Asking Price of $2,499,000 + GST (if any)

More information: https://www.colliers.co.nz/p-NZL67037969