Outstanding Once In A Lifetime Opportunity!

260-272, Maunganui Road, Mount Maunganui, Tauranga

Tender

Proposed Usage
Development Site
Floor Area
1802.00 m²
Description:
Property ID
1bsygp6

Asking price plus GST (if any).
- Prime freehold 2,849m2 site in two titles
- Two commercial buildings comprising 1,802m2
- Outstanding onsite parking facilities for 42 cars
- Current annual net rental $223,277 + GST

Tenders close 4pm, Thursday 11th May 2017 (unless sold by Private Treaty), 247 Cameron Road, Tauranga

After 37 years of ownership, this huge commercial corner site in the highly sought after coastal location of Mount Maunganui is now on the market. Positioned at the southern end of the CBD opposite Coronation Park, the property is multi tenanted with a strong mix of both national and local tenants offering an excellent split risk investment. The Mount retail village with its beach to boutique shopping culture is a business precinct where tenancy demand constantly exceeds supply.

Future options may include a mixed use multi-level redevelopment of the property for which it would be exceptionally well suited given the two road frontages and service lane surrounding the block. Seldom do commercial properties of such a super-size come to the market in such a superb location. The strengths of this tightly held Mount Maunganui CBD sector must appeal to discerning investors and developers looking to maximise the potential of this outstanding once in a lifetime opportunity!

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Mount Maunganui Area