1237 Cameron Road, Tauranga Central, Tauranga & Surrounds

Lucrative development opportunity!

• Outstanding commercial development site with impressive holding income
• Future potential for a high density commercial/residential development
• Split risk investment with four tenants plus a short-term lease back from the RSA
• Annual net rental circa $611,296 plus GST and OPEX from settlement date

The property is currently partly owner occupied by the Tauranga Returned Services Association for their own use. The balance of the complex is tenanted with a retail premises, an office, a restaurant and a Motor Inn with 22 suites plus a function room, that are all on various lease terms. Extensive onsite car parking is provided on this large commercially zoned site underpinned by its high underlying land value.

Opportunities of this scale and calibre are scarce in the current Tauranga market and this commanding Cameron Road site must have strong purchaser appeal to a wide cross section of interest from both the commercial and residential sectors. The site provides an exceptional Tauranga commercial land holding with excellent redevelopment potential in the medium to long term.