Positioned on a high profile site, this is an outstanding opportunity to secure a diversified investment underpinned by SuperValue and Farm Source as anchor tenants. Riverslea Mall is located on a key State Highway thoroughfare and has multiple vehicle entry points off College Road, Bridge Street - also known as State Highway 2 - and Rata Avenue. With significant traffic flows providing a clear advantage to the property, which has become a staple/community hub for the area along with surrounding coastal and farming communities.
16 existing tenancies with potential to increase to 20, this property must be considered by astute investors. An excellent split risk investment opportunity to own a substantial freehold asset in regional New Zealand.
Rarely do we see a property of this size come to market in the Eastern Bay of Plenty.
Do your homework on this one, sit back and enjoy the returns!
• Located in the heart of the Edgecumbe Plains with 16 existing tenancies currently in place with further potential to increase the present income
• High profile freehold investment with three road frontages
• Total land holding of 1.84 hectares and floor area of 6,129sqm