Listing #:2030176382

DUAL INCOME - CHARACTER INVESTMENT

Location: 72-74 First Avenue, City Centre, Tauranga, Bay Of Plenty
Property use: Office
Floor area: 407-407m2
Land area: 759m2
Price: Asking price $2,642,500
This is a very unique investment opportunity to purchase an iconic property with one of Tauranga's best cafes ­and a national tenant (RCP) as tenants. The property is situated in one of the cities hotly sought after locations across from the massive new Farmers and high rise apartment development. This location offers fantastic Northern aspect, great street parking and is in a location which will see significant growth in the near future. Sit back and take the substantial rental income from these two tenants and then plan your future high rise retail, office and/or apartment development on this strategic site with rear service lane access.
Features:
* Net rental: $132,125.00 pa + GST & outgoings
* Adjoining site available to purchase
* Two tenancies on good leases
* Adjacent new Farmers redevelopment
* Inner City Highrise Zone
* Opposite Council car parking building
* Rear service lane and parking
* Iconic café tenant
* North facing outdoor area
* For Sale by Asking Price: $2,642,500 + GST (if any)

Agency reference #: 211232
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Asking price: $2,642,500
Listed: Thu 18 Apr, 5:20 pm
Duncan Woodhouse
Colliers International Tauranga - CPS Partnership Ltd Tauranga, (Licensed: REAA 2008)
  • Contact details
  •  (07) 5714125
  •  (021) 888962

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Agent's details

Duncan Woodhouse
  •  (07) 5714125
  •  (021) 888962
Simon Clark
  •  (07) 9288780
  •  (021) 959710
Colliers International Tauranga - CPS Partnership Ltd Tauranga, (Licensed: REAA 2008)
(07) 5714125
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Expires: Tue 6 Aug, 8:31 am
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