Listing #:1700854306

Great little CBD investment!

Location: 23/44 Grey Street (Piccadill­y Arcade), City Centre, Tauranga, Bay Of Plenty
Property use: Office
Floor area: 130m2
Price: To be sold by auction on 15 Aug
Asking price plus GST (if any).
- 118m2 unit title retail premises
- Street front of Piccadilly Arcade retail complex
- Strategic city centre location
- Annual net rental $43,000 + GST and OPEX
- Affordable investment to beat current bank rates
- Perfect for passive investors!

This unit title property is situated on a prime high profile corner site at the Grey Street entrance to the Piccadilly Arcade complex, in the heart of the Tauranga CBD. Tenanted by Wise Management Services Limited these well presented air conditioned premises are currently being utilised as a professional office.

The Agreement to Lease for the tenancy includes the added bonus of an agreed annual net rental increase to $47,200 + GST from 1st February 2019, providing significant income upside for a new owner to capitalise on.

Piccadilly Arcade is a single storey retail complex comprising 22 shops that contains an eclectic mix of retail and service businesses. The arcade provides a direct link between Grey Street on the western side and Devonport Road on the east and is a major through-fare within the Tauranga CBD, that enjoys excellent pedestrian traffic.

Call now for more information!

Agency reference #: 2304852
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To be auctioned
23/44 Grey Street (Piccadilly Arcade), City Centre, Tauranga, Bay Of Plenty
To be auctioned
Listed: Mon 16 Jul, 4:54 pm
Lynn Bradley
Bayleys Tauranga, (Licensed: REAA 2008)
  • Contact details
  •  (07) 5790619
  •  (027) 4411213

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Agent's details

Lynn Bradley
  •  (07) 5790619
  •  (027) 4411213
Brendon Bradley
  •  (07) 5714686
  •  (021) 816600
Bayleys Tauranga, (Licensed: REAA 2008)
(07) 5782118
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Expires: Sun 23 Dec, 5:06 pm
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