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

63 Paerangi Place, Tauriko

Asking price $2,599,000 + GST (if any)

Listing Description

Listed: Thu, 4 Apr

Desirable standalone Tauriko investment

63 Paerangi Place, Tauriko, Tauranga, Bay Of Plenty

Asking price $2,599,000 + GST (if any)

Details

  •   638m² Floor
  •   1777m² Land
AttributeValue
Property use
Industrial
Agency reference
NZL67028249

Description

63 Paerangi Place presents a rare opportunity to own a standalone industrial asset located in the sought after Tauriko Business Estate. Boasting profile from two road frontages with site circulation off the quieter Paerangi Place culdesac road.  The property enjoys profile off Taurikura Drive to the rear which is the main spine road linking stages one and two and in time stage 3 of the Tauriko Business Estate. Offered for sale with a two year lease back and approval.  Vacancy rates are at an all time low within the Tauriko industrial precinct and region wide, as such we would expect strong leasing demand from the market. The property is a near new high stud industrial building which has smaller street front offices and provides front and side yard for parking, circulation and loading. The slightly irregular 1777sqm freehold title widens to the rear, approximately 1450sqm is usable with a portion to the rear grassed accommodating the powerline easement and embankment. Standalone, as new industrial investments in this affordable price range are often sought and rarely found – this property will be prized by owner occupiers and investors alike.

Features:

  • 1,777m² freehold industrial site
  • Rental: $123,386 p.a
  • As new building
  • 100% NBS rating
  • Favoured industrial asset class
  • Low vacancy area
  • Building area: 644m² + 95m² canopy
  • Zoned industrial

Asking Price of $2,599,000 + GST (if any)

More information: https://www.colliers.co.nz/p-NZL67028249


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

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