Listing #:1693578196

Multi tenanted retail investment

Location: 27-31 Jellicoe Street, Te Puke, Western Bay Of Plenty, Bay Of Plenty
Property use: Retail
Floor area: 540m2
Price: To be sold by auction on 15 Aug
Asking price plus GST (if any).
- Prime 667m2 freehold commercially zoned site
- 616m2 single level retail building
- Multi tenanted split risk investment
- 71% (Grade B) NBS Seismic Rating
- Fully tenanted premises returning $84,000 + GST p.a.

This property is situated in a prime and popular Te Puke CBD location with great foot traffic and an expansive 20 metre frontage to Te Puke's main street. This circa 1982 commercial building is currently being refurbished to accommodate a third retail tenancy. The newly refurbished retail space is due to be completed prior to the Lease commencing on the 01st October 2018, providing an opportunity to invest in a fully tenanted commercial property.

Positioned in a proven retail location towards the eastern fringe of Te Puke's main commercial area, Jellicoe Street is the principal retail shopping strip and close to a wide range of amenities with businesses on both sides of the street. Te Puke is a strong provincial rural centre servicing the agricultural and horticulture sectors, being acknowledged as the Kiwifruit Capital of New Zealand.

Given the split risk income streams together with the sought after CBD location, this must appeal to investors looking for a commercial property that provides strong cash flow and a return on investment that is sure to outperform current bank deposit rates.

A must inspect and excellent entry level / first time investor property or an affordable passive investment to add to any commercial portfolio!

Call now for more information or to arrange a viewing!

Agency reference #: 2304644
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To be auctioned
27-31 Jellicoe Street, Te Puke, Western Bay Of Plenty, Bay Of Plenty
To be auctioned
Listed: Mon 9 Jul, 11:06 pm
Brendon Bradley
Bayleys Tauranga, Licensed Agent (REAA 2008)
  • Contact details
  •  (07) 5714686
  •  (021) 816600

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Agent's details

Brendon Bradley
  •  (07) 5714686
  •  (021) 816600
Lynn Bradley
  •  (07) 5790619
  •  (027) 4411213
Bayleys Tauranga, Licensed Agent (REAA 2008)
(07) 5782118
Log in or register to email the agent.
Expires: Mon 17 Sep, 11:05 pm
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