Add Form To Your Portfolio

22, Tukorako Drive, Mount Maunganui, Tauranga

By Negotiation

Proposed Usage
Industrial
Floor Area
1008.00 m²
Description:
Property ID
1br4z2y

Asking price plus GST (if any).
- Situated on 1,502m2 of Mount industrial leasehold land
- Tilt slab warehouse with ground and first floor office built to highest specifications - net lettable area of 1,008m2
- Generous new five year lease terms with five year right of renewal to Form Building and Developments and A1 Hire.
- Annual rental of $141,300 + GST, less ground floor rent of $39,612 + GST, shows net return of $101,618.80 + GST

A premium property with superior visual appeal and quality finish throughout leased to two established North Island development companies.
This property comprises multiple tenancy areas, future proofing income opportunities with excellent visual exposure to this popular industrial precinct off busy Hull Road. Well appointed offices provide functionality and style.
Positioned in close proximity to the Port and major arterial routes, this property provides convenient access and with good investment stock in short supply, this leasehold property will provide a return well above current yields in this location.
Astute investors will appreciate the strong tenant convenient, superior quality finish and affordable opportunity in adding Form to their portfolio.

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Mount Maunganui Area