Unit 1/9 Reynolds Place, Papamoa, Tauranga & Surrounds

Well located tenanted investment

• Great opportunity to secure a 432sqm tenanted investment
• Shortage of good investment stock in the region
• Quality construction - tilt slab and coloursteel
• Well-presented quality warehousing and office accommodation
• Current rental - $60,480 pa + GST
A large 370sqm warehouse which includes an area of 70sqm designated 'showroom' with a five to six metre working stud, two pedestrian doors to the exterior and two full height automatic roller doors. In the 'showroom' designated area, which has a ground concrete floor, there is a built-in granite bench with single sink, ply cabinetry, lined and plastered walls with a dividing wall between the warehouse and 'showroom' areas.
There is a ground floor office with pedestrian entry and Dalkin heat pump of 34.7sqm (including amenities) and a first floor office of 30.8sqm and a first floor office with Dalkin Heat pump of 30.8sqm.
Both offices have woodgrain vinyl flooring.
Other features include an alarm and halogen and fluorescent lighting
Currently leased to Fitmums Limited trading as F45 Gym with the lease commencing on 1 September 2018 for 3 years with 2 ROR's through to 31 August 2027. The business was sold and the lease was assigned to the new owner on 13 May 2021.