Excellent income earner at a 6.25% yield


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

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

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Excellent income earner at a 6.25% yield | 8 and 9/43 Devonport Road (Piccadilly Arcade), Tauranga Central | 2500203 |      X Close
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Description

Excellent income earner at a 6.25% yield


- 56sqm unit title retail premises

- Expansive shop frontage

- Long established tenant

- Popular retail shopping complex

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 and service businesses. The premises are tenanted by U-Name-It Embroidery & Apparel who have long established trading history in the Arcade. They have been trading in Tauranga for over 20 years predominantly servicing the Bay of Plenty as well as New Zealand wide.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 retail investment asset that is sure to beat current bank deposit rates!

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

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