FRASER COVE SHOPPING CENTRE

Fraser, Street, Parkvale, Tauranga

Price On Application

Proposed Usage
Office
Floor Area
17320.00 m²
Land Area
74408.00 m²
Description:
Property ID
1c08x0x



We offer a substantial investment opportunity to own a sizable percentage of Tauranga's iconic large format apparel centre in 9 separate titles. Fraser Cove is a popular and central shopping destination catering to a wide audience and demographic which is anchored by a Countdown supermarket and The Warehouse. Passed with the sale of this asset is the management agreement of the whole centre which provides cover of the management costs with an additional income to the management company. We identify considerable upside over time through further development, proactive management, rental growth and general upgrading. Net income of approximately $2,550,000 plus management income.

 

 

*Photos are a representation on the whole centre and not necessarily the titles/tenancies for sale

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Parkvale Area