Passive investment opportunity

30-34 Grey Street, Tauranga Central

Asking Price NZD $3,500,000 + GST (if any)

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Passive investment opportunity | 30-34 Grey Street, Tauranga Central | 2501705 |      X Close

Passive investment opportunity

•999sqm two level retail / office building

•Strategic 566sqm freehold city centre zoned site

•Strong income earner with excellent monthly cashflow

•Future multi level development potential up to 49 metres

This property comprises a two level commercial premises that occupies a premium position on Grey Street in the heart of downtown Tauranga. The building provides a split risk mix of five retail and office tenants on various lease terms which currently return a solid annual net rental of $154,000 plus GST.

The Tauranga CBD is presently experiencing major redevelopment and transformation. This includes the new Tauranga University Campus, Quest Hotel, BOP Regional Council plus other pending large scale retail, office and residential apartment redevelopments within the inner city area such as Farmers and Two Devonport Road.

Commercial opportunities in Grey Street are scarce in the Tauranga market and this fully tenanted investment presents the perfect time to purchase and reap the rewards of the CBD revitalization that will deliver a much more vibrant and dynamic city centre in the future.

Call Team Bradley today to discuss or inspect!

30-34 Grey Street, Tauranga Central

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