Premium Mount Maunganui position

185-187, Maunganui Road, Mount Maunganui, Tauranga

Auction

Proposed Usage
Retail
Floor Area
485.00 m²
Description:
Property ID
1c0m8qn

Asking price plus GST (if any).
- Land Area: Prime high profile 918m2 CBD Site
- Building Area: 522m2 two-level retail / office building
- Seismic Rating: 100% NBS Seismic assessment
- Other improvements: 86m2 rear garage studio plus 20 onsite carparks
- Opportunity: Split risk asset with six tenancies
- Income: Annual net rental $154,745 + GST + Outgoings

Superb split risk investment opportunity for astute investors to secure a prime commercial property in the highly sought after and growth location of Mount Maunganui where tenancy demand constantly exceeds supply.

The property occupies a premium Maunganui Road position comprising a two level building with six tenancies including three ground floor retail premises, two first floor office suites, a rear garage studio plus outstanding onsite yard parking facilities for twenty cars.

Mount Maunganui retail village with its beach to boutique shopping culture is a tightly held property precinct that rarely comes to the market. The income, location and future re-development potential of this property makes this a compelling commercial investment not to be missed!

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Mount Maunganui Area