Strong Income Earner / Attractive Yield


356-358 Cameron Road, Tauranga Central

Asking Price NZD $2,795,000 + GST (if any)

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Strong Income Earner / Attractive Yield | 356-358 Cameron Road, Tauranga Central | 2500613 |      X Close
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Strong Income Earner / Attractive Yield


- Excellent opportunity to secure a prime Tauranga Cameron Road site

- Current annual net rental $147,141.00 + GST & Outgoings

- 3 tenancies, split risk investment, strong income earner & cashflow

- 716sqm site / 688sqm building (approx.) / 9 on site car parks

- Priced to sell at a generous Tauranga yield of 5.26%!

This building comprises a two level commercial premises with the ground floor occupied by two long established retail tenants that include a restaurant and a bakery. The first floor is leased on a long term basis to an accommodation operator as hostel facilities.

The property provides a split risk mix of three tenancies on various lease terms that currently returns an impressive annual net income from realistic rental rates that have strong future growth potential for a new owner.

Positioned between Fourth Avenue and Arundel Street on main arterial route Cameron Road, this is a strategic profile site situated in a highly sought after city fringe location.

Commercial opportunities in this location are scarce in the Tauranga market and this Cameron Road offering is a compelling investment option that must command serious investor consideration!

356-358 Cameron Road, Tauranga Central

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