Tauranga Central
408 Cameron Road, Tauranga Central, Tauranga & Surrounds
+16
Tenanted investment on high profile site
• Strong income earner returning $105,000 +GST & OPEX p.a.
• Impressive freehold corner site of approx. 1,113sqm
• High profile location on Cameron Road, recognised as “Tauranga's Golden Mile”
408 Cameron Road holds a prime corner site position on Cameron Road and presents a strategic investment opportunity with a new lease in place.
This trophy site offers excellent profile and signage opportunities. The property comprises an impressive 1,113sqm (more or less) of freehold land on a high profile corner site. Comprising a showroom/office of approx. 255 sqm and a basement workshop of approx. 198sqm. The large sealed yard provides for plenty of onsite parking or display.
Security for investors with favorable lease terms, including annual 3% fixed increases other than on market rent review dates. The annual income of $105,000 +GST & OPEX p.a. has built in growth and offers two remaining rights of renewal with a final expiry of 31 January 2037.
Don't miss your chance to secure this well located, tenanted asset. Call Rory Brown today!
Rory Brown
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Land area breakdown
1,113sqm (approximately)
Floor area details
453sqm (approximately)
Location
High profile corner site on Tauranga's main road
Lease
New 4 year lease returning $105,000 +GST & OPEX p.a.
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