Affordable split risk investment
- Split risk asset with dual tenancies
- Sought after trade / service business locality
- Suit investor, owner occupier or landbanker
- Annual net rental $51,131 + GST & outgoings
Outstanding high profile commercial site situated on the corner of Fifteenth Avenue and Burrows Street. Fifteenth Avenue is a major arterial route that forms part of State Highway 2A having excellent exposure to high traffic counts.
This light industrial single-level building comprises two workshop tenancies with offices and amenities plus small mezzanine areas. The front of the site includes a fully sealed hot mix yard area utilised for tenant parking and storage.
The property is currently tenanted with a lease to The Trellis & Ply Centre and a monthly tenancy to Forklift Services Tauranga Limited which has potential rental growth for a new owner. The monthly tenancy provides multiple options for a purchaser to either secure a new lease at a current market rental from the existing or a new tenant or alternatively could be an owner-occupier opportunity.
Positioned in a popular city fringe, tightly held commercial precinct this is an affordable split risk investment asset not to be missed. Early Auction registration is recommended to avoid disappointment.
- Sought after trade / service business locality
- Suit investor, owner occupier or landbanker
- Annual net rental $51,131 + GST & outgoings
Outstanding high profile commercial site situated on the corner of Fifteenth Avenue and Burrows Street. Fifteenth Avenue is a major arterial route that forms part of State Highway 2A having excellent exposure to high traffic counts.
This light industrial single-level building comprises two workshop tenancies with offices and amenities plus small mezzanine areas. The front of the site includes a fully sealed hot mix yard area utilised for tenant parking and storage.
The property is currently tenanted with a lease to The Trellis & Ply Centre and a monthly tenancy to Forklift Services Tauranga Limited which has potential rental growth for a new owner. The monthly tenancy provides multiple options for a purchaser to either secure a new lease at a current market rental from the existing or a new tenant or alternatively could be an owner-occupier opportunity.
Positioned in a popular city fringe, tightly held commercial precinct this is an affordable split risk investment asset not to be missed. Early Auction registration is recommended to avoid disappointment.