Listing Description
Versatile corner investment
45 Jocelyn Street, Te Puke, Western Bay Of Plenty, Bay Of Plenty
Details
| Attribute | Value |
|---|---|
| Property use | Office |
| Capital value (CV) | $1,400,000 |
| Agency reference | TGC227269 |
Description
This well-located commercial investment offers exceptional versatility for owner-occupiers or savvy investors seeking strong yield in a tightly-held market.
The property comprises a two-level building on a prominent corner site, combining retail, office, and storage accommodation totalling approximately 685m². Currently anchored by three established tenants generating reliable income, the building also features 349m² of vacant basement space ready for lease or owner-occupier use.
Positioned on Queen Street with excellent visibility and easy access, this property benefits from strong street frontage and convenient parking. The solid construction (concrete block with iron roofing) provides durability and low maintenance, with a seismic rating of approximately 76% NBS.
Owner-occupiers can relocate their business to the basement whilst benefiting from upstairs tenant income. Investors can lease all available spaces to achieve strong yield potential for the Te Puke market.
- Land area: 425m2 (approx.)
- Building area: 685m2 (approx.)
- Three established tenancies — current income $56,000 pa + GST + outgoings
- 349m2 vacant basement space
- Corner profile with excellent visibility
Contact the agents for more information or to arrange a viewing.
