Shop 1/2 Marine Parade, Mt Maunganui, Tauranga & Surrounds

Coastal commercial with upside!

• Affordable commercial investment
• Incomparable waterfront location
• Strategic Mount landmark building
• Significant scope for rental growth
• Annual net rent $30,000 + GST & OPEX

This offering provides a well-presented retail unit occupying a profile corner position in the recently refurbished Tower One, Oceanside Resort and Twin Towers complex, which includes six ground level shops, ten levels of residential apartments plus basement car parking.

Leased to retail tenant Peak Supplements, Nutrition and Performance, the current annual net rental is considered to be below market for this Mount Maunganui location and some significant upside is expected at the next renewal/rent review in January 2024.

Situated on the corner of Marine Parade and Adams Avenue at the northern end of Mount Maunganui, this is a high-profile hospitality/retail hub with its popularity driven by its pivotal location being directly opposite the base of the iconic Mauao summit and arguably one of the best surf beaches in New Zealand.

Seldom do such affordable investment assets become available in this amazing coastal location and this unit must appeal to astute investors seeking to acquire a quality commercial asset with strong rental growth potential in the immediate future.