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Mt Maunganui

88 Portside Drive, Mt Maunganui, Tauranga & Surrounds

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4,495sqm Floor area
9,245sqm Land area SQM

Private Treaty

(unless sold prior)

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

For Sale by Deadline Private Treaty
(unless sold prior)

247 Cameron Road, Tauranga

21

Oct

Time2pm
Calander
Calendar
Tom Davison

Tom Davison


Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Myles Addington

Myles Addington


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

First floor office


254.70sqm (more or less)

Ground floor office


254.70sqm (more or less)

Showroom


157.60sqm (more or less)

Workshop


3,675.0sqm (more or less)