New 10-year lease in Mount Maunganui


88 Portside Drive, Mt Maunganui

Private Treaty

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New 10-year lease in Mount Maunganui | 88 Portside Drive, Mt Maunganui | 1903455 |      X Close
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New 10-year lease in Mount Maunganui


Key features:

β€’ Renewed 10-year lease from 1 January 2022 with fixed rental growth

β€’ Impressive 9,245sqm (more or less) land area (leasehold) on perpetual 20-year lease terms

β€’ Substantial 4,495sqm (more or less) industrial building

β€’ Substantial tenant investment in plant and equipment

Bayleys is proud to offer this unparalleled leasehold opportunity for sale in the highly sought-after Mount Maunganui Industrial precinct. Leased to Metropolitan Glass & Glazing Limited on a renewed lease term of 10-years from 1 January 2022 plus a further right of renewal of 10-years from 2032.

Located on a prime corner site fronting Portside and Tukorako Drive providing superb access and car parking for staff and excellent manoeuvrability for heavy vehicles.

Lettable Floor area (approximate):

157.60sqm showroom

509.40sqm office over two levels

3,675.0sqm warehouse/workshop

Underpinned by rapid growth in Mount Maunganui industrial rents with limited industrial properties of this scale means this property is sure to be a solid performer.

For more information please contact:

Tom Davison

021 880 733

[email protected]

Myles Addington

021 622 229

[email protected]

Tom Davison

South Auckland

Licensed under the REA Act 2008

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Myles Addington

Tauranga

Licensed under the REA Act 2008

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88 Portside Drive, Mt Maunganui

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Tom Davison

South Auckland

Licensed under the REA Act 2008

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Myles Addington

Tauranga

Licensed under the REA Act 2008

View profile