Affordable split risk investment

42 Fifteenth Avenue, Tauranga Central


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Affordable split risk investment | 42 Fifteenth Avenue, Tauranga Central | 2501804 |      X Close

Affordable split risk investment

- Split risk asset with dual tenancies

- Sought after trade / service business locality

- Suit investor, owner occupier or landbanker

- Annual net rental $51,131 + GST & outgoings

Outstanding high profile commercial site situated on the corner of Fifteenth Avenue and Burrows Street. Fifteenth Avenue is a major arterial route that forms part of State Highway 2A having excellent exposure to high traffic counts.

This light industrial single-level building comprises two workshop tenancies with offices and amenities plus small mezzanine areas. The front of the site includes a fully sealed hot mix yard area utilised for tenant parking and storage.

The property is currently tenanted with a lease to The Trellis & Ply Centre and a monthly tenancy to Forklift Services Tauranga Limited which has potential rental growth for a new owner. The monthly tenancy provides multiple options for a purchaser to either secure a new lease at a current market rental from the existing or a new tenant or alternatively could be an owner-occupier opportunity.

Positioned in a popular city fringe, tightly held commercial precinct this is an affordable split risk investment asset not to be missed. Early Auction registration is recommended to avoid disappointment.

42 Fifteenth Avenue, Tauranga Central

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