120 Devonport Road, Tauranga Central, Tauranga & Surrounds

Prized Tauranga CBD position

- Strategic 445m2 freehold city centre zoned site\n- Prime high profile corner position in Tauranga's CBD\n- 690m2 two level retail / office building\n- C Grade (45%) NBS seismic rating\n- Split risk investment with six tenancies\n- Fully tenanted with annual net rental of $135,895 + GST\n\nLocation is the key to this strategic Tauranga CBD site which is set for significant growth and major transformation due to the pending retail and residential redevelopment of the Farmers block directly opposite. \n\nOccupying a prime high profile commercial corner on the very busy Devonport Road and Elizabeth Street intersection, the site offers excellent future redevelopment options that include a maximum building height of 19 metres in this city center zoned location.\n\nThe property provides a two level office / retail building comprising three retail / office tenants to the ground floor and three first floor offices that offer a solid spread of risk and cashflow from the six tenancies that has strong rental growth potential.\n\nAstute investors, developers and land bankers will most certainly recognize the excellent attributes of this fully tenanted asset which provides an outstanding opportunity to secure a prized position in the Tauranga CBD!\n\nCall the sole agents today for more information or to arrange a viewing!