Owner occupier or income earner opportunity!


8 and 9/43 Devonport Road (Piccadilly Arcade), Tauranga Central

Asking Price NZD $320,000 + GST (if any)

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Owner occupier or income earner opportunity! | 8 and 9/43 Devonport Road (Piccadilly Arcade), Tauranga Central | 2500203 |      X Close
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Description

Owner occupier or income earner opportunity!


- 56sqm unit title retail / office premises

- Expansive glazed shop frontage

- Popular CBD retail shopping complex

- Vacant possession from 17 July 2020

- Potential annual net rental $20,000 + GST & Opex

This dual unit title property is situated at the Grey Street end of the Piccadilly Arcade complex, in the heart of the Tauranga CBD. Piccadilly Arcade is a single storey retail complex comprising 22 shops that includes an interesting eclectic mix of retail, office and service businesses.

The premises are currently vacant and provide an opportunity for a new owner to lease as is or an option to split into two smaller tenancies with potential to increase rental/yield from this investment.

The Arcade provides a direct link between Grey Street on the western side and Devonport Road on the east and is a major through-fare within the Tauranga CBD, that enjoys excellent pedestrian traffic.

This is an affordable opportunity to secure a bite sized Tauranga CBD commercial asset for an owner occupier or a first time investor looking to beat current bank deposit rates!

8 and 9/43 Devonport Road (Piccadilly Arcade), Tauranga Central

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