51-57 Fifteenth Avenue, Tauranga South, Tauranga & Surrounds

Trophy medical-anchored asset!

- Modern substantial 1,302sqm single level commercial building
- High calibre tenant mix anchored by a long term medical practice
- A resilient income return with annual net rental of $430,810 + GST
- High profile corner position on Fifteenth Ave / State Highway 2A
- Sizeable 3,623sqm landholding with some 51 onsite carparks
- Leases with rental growth potential from CPI and market reviews

Astute investors will immediately recognise the exceptional strength and rarity of this offering. Healthcare on Fifteenth, the primary medical practice within the complex, has now exercised its next two five-year rights of renewal, extending its lease term to 31 March 2038. This 12+ years commitment provides long-term income durability from an essential services operator and firmly positions Healthcare on Fifteenth as the anchor tenant of the property.

Underpinned by a quality mix of other medical, government, and national brand occupiers that include Unichem Fifteenth Avenue Pharmacy, Te Pun Kokiri, Canon Bay of Plenty and Stonewood Homes, these tenants provide a resilient and diversified rental stream. Overall this composition delivers a highly secure income profile, with 47% of the asset supported by medical tenants—a sector proven to offer stable, defensive cashflow in all market cycles.

Strategically positioned at Fifteenth Business Corner, the site sits at the gateway to Fifteenth Avenue and State Highway 2A, delivering outstanding exposure and ease of access along one of Tauranga's busiest arterial routes. The surrounding catchment continues to benefit from strong residential and commercial growth, reinforcing long-term demand for essential services in this location.

51-57 Fifteenth Avenue represents a premium passive investment opportunity to acquire a modern, high-quality Tauranga commercial asset anchored by a long-term medical tenant committed through to 2038. With stable supporting occupiers, excellent site profile, and a growth-backed location, this is an exceptional long-term hold for serious investors