Coveted Mount Maunganui leased investment


26 Matai Street, Mt Maunganui

Asking Price NZD $1,450,000 + GST (if any)

Download Email
Coveted Mount Maunganui leased investment | 26 Matai Street, Mt Maunganui | 2502606 |      X Close
Image
Description

Coveted Mount Maunganui leased investment


β€’ 385sqm (approximately) building area

β€’ 339sqm (more or less) freehold land area (industrial zoned)

β€’ Fully leased on a new three-year lease from 1st July 2022 with rights of renewal until 2031

β€’ Returning $57,504pa + GST and outgoings with fixed and market rent reviews

Best described as an outstanding opportunity to purchase a fully-leased commercial property located at the heart of the highly-coveted and tightly-held Mount Maunganui commercial and industrial precinct. This freehold property is located supremely close to downtown Mount Maunganui and surrounding beaches, Tauranga Port and Tauranga airport. Boasting dual entry/exit to Matai Street, near the corner of Totara Street and in close proximity to Maunganui Road.

The property is the headquarters to popular and well-known streetwear brand Lower, (You Know We Aint Limited) which was foundered and is based in Mount Maunganui. Lower will occupy the property on a new three-year lease from 1 July 2022 (and rights of renewal until 2031).

Make your move today, very few properties of this kind come to market in this tightly-held location.

Myles Addington

Tauranga

Licensed under the REA Act 2008

View profile

26 Matai Street, Mt Maunganui

Open in map

Myles Addington

Tauranga

Licensed under the REA Act 2008

View profile