15 First Avenue, Avenues, Tauranga & Surrounds

Prime Tauranga Investment - Premium Tenant

- Land Area: 809m2\n- Building Area: 456m2\n- Tenancy: New six year lease plus 2x4 year ROR\n- Site: Sought after central city office location\n- Rental: Annual net rental $118,919 + GST\n- Opportunity: Quality tenant/office accommodation investment\n\nTop quality, two level office building leased by First Mortgage Managers Limited, the manager of a leading property investment/lending business, First Mortgage Trust, which is New Zealand?s largest, non-bank Mortgage Trust. This substantial business has around 2,500 investors with a fund size of approximately $300 million and currently has about 300 client loans in place.\n\nStrategically situated in the sought after First Avenue commercial precinct on the southern perimeter of the Tauranga CBD, the site enjoys ease of access to the city?s main arterial routes including the Tauranga expressway.\n\nSeldom do commercial assets of this calibre with such strong tenant covenant become available to the Tauranga market. Here is an outstanding opportunity for prudent investors to purchase a prime property to take pride of place in their portfolio.\n