88 Portside Drive, Mt Maunganui, Tauranga & Surrounds

New 10-year lease in Mount Maunganui

Key features:
• Renewed 10-year lease from 1 January 2022 with fixed rental growth
• Impressive 9,245sqm (more or less) land area (leasehold) on perpetual 20-year lease terms
• Substantial 4,495sqm (more or less) industrial building
• Substantial tenant investment in plant and equipment

Bayleys is proud to offer this unparalleled leasehold opportunity for sale in the highly sought-after Mount Maunganui Industrial precinct. Leased to Metropolitan Glass & Glazing Limited on a renewed lease term of 10-years from 1 January 2022 plus a further right of renewal of 10-years from 2032.

Located on a prime corner site fronting Portside and Tukorako Drive providing superb access and car parking for staff and excellent manoeuvrability for heavy vehicles.

Lettable Floor area (approximate):
157.60sqm showroom
509.40sqm office over two levels
3,675.0sqm warehouse/workshop

Underpinned by rapid growth in Mount Maunganui industrial rents with limited industrial properties of this scale means this property is sure to be a solid performer.

For more information please contact:

Tom Davison
021 880 733
tom.davison@bayleys.co.nz

Myles Addington
021 622 229
myles.addington@bayleys.co.nz