Generous 8% Yield

22, Tukorako Drive, Mount Maunganui, Tauranga

$1,450,000

Proposed Usage
Industrial
Floor Area
1008.00 m²
Description:
Property ID
1bstzf9

Asking price plus GST (if any).
- Situated on 1,502m2 of Mount industrial leasehold land
- 1,008m2 tilt slab warehouse with ground and first floor offices built to highest specifications
- New leases in place for Form Building and Developments and TYBI (sublease to A1 Hire)
- Annual rental $155,365 + GST less ground rent of $39,681 + GST shows net return of $115,683 + GST
A premium property with superior visual appeal and a quality finish throughout.
This leasehold property will provide a return well above current freehold yields in this location.
The layout of the building will allow for flexible tenancy use areas, which astute investors will appreciate to future proof this investment.

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Mount Maunganui Area