Listing #:1800262815

BUY YOUR SLICE OF FRASER COVE

Location: Tenancy 23, Fraser Cove Shopping Centre, Parkvale, Tauranga, Bay Of Plenty
Property use: Retail
Floor area: 235-235m2
Land area: 0m2
Price: Asking price $899,000
This unique investment offers opportunity to own your own piece of Tauranga's iconic large format retail centre. Fraser Cove is a popular and central shopping destination catering to a wide audience and demographic which is anchored by a Countdown supermarket and The Warehouse as well as 36 other local, national and international brands.

This slice of Fraser Cove offers the investor the benefits of being in a substantial retail centre without the associated price tag. Being an owner in Fraser Cove allows you access to a large scale asset and being surrounded by quality tenants that can be very difficult to replicate with a stand alone investments. The complex and tenancy is fully managed by NZRPG which is paid by the tenants and includes day to day tenancy management, strategic centre direction, tenant retention, re-leasing, invoicing and tracking tenancy payments etc.  

This attractive retail tenancy is very well presented with great exposure to busy Fraser Street, ample parking in front and a stunning fitout inside and out by the tenant “Choices Flooring”
Features:
* 6.67% net return rising to 7.78% net return
* Rental: $60,000 pa + GST & Outgoings
* Rental June 2020 rising to $70,000 pa + GST
* Building Area: 235.9m² with rear access
* Commercially Zoned
* Part of substantial Fraser Cove Shopping Centre
* Close to Countdown Supermarket and New City Fitness
* Huge carparking areas in front
* For Sale by Asking Price: $899,000 + GST (if any)

Agency reference #: 210514
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Asking price: $899,000
Listed: Fri 12 Oct, 2:27 pm
Rachel Emerson
Colliers International Tauranga - CPS Partnership Ltd Tauranga, (Licensed: REAA 2008)
  • Contact details
  •  (021) 502877

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Agent's details

Rachel Emerson
  •  (021) 502877
Simon Clark
  •  (07) 9288780
  •  (021) 959710
Colliers International Tauranga - CPS Partnership Ltd Tauranga, (Licensed: REAA 2008)
(07) 5714125
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