Mount Maungaui Crown Jewel
•Floor area: 1612sqm (approximately)
•Land area: 800sqm (more or less)
•23 onsite parking spaces
•Zoning: Commercial (8A)
•Fully tenanted with 5 tenants, returning $596,000 per annum
•Sought after Mount Maunganui location
Very rarely do opportunities such as this present themselves!
This modern, A grade office building is available For Sale in a very tightly held, prime Mount Maunganui location. The property offers high exposure on Totara street, the gateway to downtown Mount Maunganui, with easy access to The Port of Tauranga and State Highway 2/Hewletts Road.
The building comprises of 1,612sqm (approx.) of office space divided between 5 tenants (one sublease), currently returning $596,000 per annum. The offering also boasts a WALT (weighted average lease term) of 7.8 years. The property features off-street parking as well as a rear access lane.
The building was constructed in 2020 by Form Building & Development Limited for use as their own head office, with the remaining tenancy space being quick to become fully occupied throughout.
Land availability in Tauranga, especially Mount Maunganui is at an all-time low. With rapidly increasing build costs, land prices, and inevitable time delays, it is becoming increasingly attractive to purchase existing property, especially a brand new 'A Grade' Office space such as this. Tauranga's growing population has led to elevated demand for professional spaces such as offices and other commercially zoned property.
Contact Rory Brown or Lloyd Davidson to view or for further information