Pump up your property portfolio
18-22 Fifteenth Avenue, Tauranga presents a prime land holding of 2,015sqm (more or less) across three freehold titles. The current tenant Z Energy Limited leases all three sites returning an annual rental of $182,657.05 +GST and outgoings. Built in rental growth provides a hands-off investment opportunity on a high profile and large-scale corner site.
Occupying a prime corner position fronting Fifteenth Avenue and Mayfair Street, with Burrows Street at the rear delivering multiple access routes. This stretch of road is a main thoroughfare linking Welcome Bay to Cameron Road and the rest of Tauranga, seeing an estimated 20,000 vehicle movements daily.
This is a unique opportunity to secure three titles offering both scale and substantial future upside potential. Reap the rewards of this prominent site on one of Tauranga's busiest corridors.
Property Features:
•National Tenant Z Energy Limited T/A U GO Self Service Station
•Three freehold titles comprising 2,015sqm (more or less)
•Prime corner position on high traffic arterial route
•Returning $182,657.05 +GST p.a. with built in rental growth
•Providing profile and scale with considerable future upside potential
For more information on this spotlight opportunity, contact Mark Walton or James Hill today.
Occupying a prime corner position fronting Fifteenth Avenue and Mayfair Street, with Burrows Street at the rear delivering multiple access routes. This stretch of road is a main thoroughfare linking Welcome Bay to Cameron Road and the rest of Tauranga, seeing an estimated 20,000 vehicle movements daily.
This is a unique opportunity to secure three titles offering both scale and substantial future upside potential. Reap the rewards of this prominent site on one of Tauranga's busiest corridors.
Property Features:
•National Tenant Z Energy Limited T/A U GO Self Service Station
•Three freehold titles comprising 2,015sqm (more or less)
•Prime corner position on high traffic arterial route
•Returning $182,657.05 +GST p.a. with built in rental growth
•Providing profile and scale with considerable future upside potential
For more information on this spotlight opportunity, contact Mark Walton or James Hill today.
Key features
Land area breakdown
2,015sqm (more or less)
Zoning
Commercial Business zone
Occupancy
Tenanted by Z Energy Limited
Passing income
Returning $182,657.05 +GST per annum
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