Listing #:1467042178

FRASER COVE SHOPPING CENTRE

Location: Fraser Street, Parkvale, Tauranga, Bay Of Plenty
Property use: Retail
Floor area: 17,320-17320m2
Land area: 74408m2
Price: Price by negotiatio­n
We offer a substantial investment opportunity to own a sizable percentage of Tauranga's iconic large format apparel centre in 9 separate titles. 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. Passed with the sale of this asset is the management agreement of the whole centre which provides cover of the management costs with an additional income to the management company. We identify considerable upside over time through further development, proactive management, rental growth and general upgrading. Net income of approximately $2,550,000 plus management income.

 

 

*Photos are a representation on the whole centre and not necessarily the titles/tenancies for sale
Features:
* Anchor tenant The Warehouse
* Approximate rental $2,550,000 pa
* 1250 + car parks
* 17,320m² of buildings
* 74,408m² land area
* 26 tenancies
* Additional management income

Agency reference #: 148497
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Price by negotiation
Listed: Tue 14 Nov, 10:21 am
Simon Clark
Colliers International Tauranga - CPS Partnership Ltd Tauranga, (Licensed: REAA 2008)
  • Contact details
  •  (07) 9288780
  •  (021) 959710

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Agent's details

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