41 Elizabeth Street, Tauranga Central, Tauranga & Surrounds

Seize this CBD opportunity

•872sqm two level commercial building with A Grade seismic rating
•Sought after strategic 564sqm freehold city centre zoned site
•Directly opposite the new Farmers retail/residential development
•Future multi-level redevelopment potential up to 49 metres
•Vacant possession with potential annual net rental of $143,500 + GST and outgoings

This property comprises a two-level commercial premises that occupies the box seat position on Elizabeth Street being directly opposite the new multi million dollar Farmers retail/residential development which is due to open with huge fanfare around October 2021.

The ground floor premises presents very well with a modern spacious retail/showroom that includes a 13.6m glass frontage which provides great exposure to passing foot traffic. To the rear is storage and amenities areas with a bifold door and pedestrian access to the parking area for 3 vehicles. The building also offers a large open plan first floor space with its own amenities which has previously been used for storage. This has separate entry off Elizabeth Street and is a blank canvas ready for potential tenant fit-out.

Commercial opportunities in Elizabeth Street are scarce in the Tauranga market and this vacant investment property with an A Grade Seismic rating presents the perfect time for owner/occupiers, developers and / or add value investors to purchase and reap the rewards of the CBD revitalization that will deliver a much more vibrant and dynamic city centre in the future.