63-75 Durham Street, Tauranga Central, Tauranga & Surrounds

Outstanding bottom drawer investment

6.07% Yield
This property comprises two levels of outstanding office space with the anchor tenant being the Ministry of Social Development who lease the majority of the premises on a new 12 year lease which coincided with a full refurbishment of their premises. Located on the prominent corner of Durham & Spring Streets in the revitalised Tauranga CBD, this outstanding investment property will provide lucrative long term returns for your property portfolio.

•Substantial freehold 1897sqm CBD landholding on a flat site with 24 carparks
•Superbly presented two-level office building, recently refurbished with an A-grade seismic rating
•Lucrative income earner returning an impressive current net income of $924,504 + GST & OPEX per annum
•Strategic city centre zoned site situated on the high-profile intersection of Spring and Durham Streets
•Occupied by two reputable tenants including a government lease to the Ministry of Social Development