- Substantial standalone commercial asset
- Split risk investment with 5 top tier tenants
- Impressive annual net income of $430,810 + GST
- Rental growth potential from CPI and market reviews
Astute investors will most certainly recognise and resonate with this outstanding opportunity to secure a Tauranga trophy investment asset, underpinned by a mix of 47% medical together with government and national tenants.
Fully leased with strong tenant covenants from Healthcare on Fifteenth, Unichem Fifteenth Avenue Pharmacy, Te Puni Kokiri, Canon Bay of Plenty and Stonewood Homes, the property offers secure income streams in a key growth location.
Known as Fifteenth Business Corner, the site is situated at the bottom of Fifteen Avenue / State Highway 2A, offering a high-profile location with ease of access and excellent exposure on one of Tauranga’s busiest arterials.
Seldom do such compelling commercial opportunities of this calibre come to the Tauranga market and this is arguably one highly desirable acquisition for serious investors looking to secure a premium passive investment for a long-term hold!
