AA Grade Investment

For Sale by Negotiation

34 First Avenue

Property Features For 34 First Avenue, Tauranga:

Modern office / retail building on prime corner site in Tauranga CBD
Three tenants paying $151,550 + GST pa
Freehold 1,078m2 site with full commercial zoning
Potential for redevelopment and change of use to full retail
Outstanding location with adjoining major tenants and excellent on street parking
A great investment with strong cashflow returns

Description:

This property is the local head quarters for the AA Automobile Association which offers a full array of their services including travel, relicensing, insurance and vehicle servicing. Customers are drawn to this vibrant location because of the ample roadside parking within walking distance of the CBD. This future proof investment has a high profile location which is easily accessible to public that will ensure tenant ability long into the future.

Tenancy Information
Tenant	Term	Net Annual Income
New Zealand Automobile Association	Five Years from 1st January 2009	$60,750.00
Webb Automotive AA Service Franchise	Six Years from 1st August 2007	$60,800.00
Snap Printing	Five Years from 1st September 2009	$30,000.00

For further details please contact:

Simon Clark
Tauranga Office

Mobile: +64 (21) 959-710
DDI: +64 (7) 928-8780
Email: simon.clark@colliers.com

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Duncan Woodhouse
Tauranga Office

Mobile: +64 (21) 888-962
DDI: +64 (7) 928-8783
Email: duncan.woodhouse@colliers.com

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34 First Avenue

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Disclaimer: The contents of this document do not form any part of a contract. Whilst all care has been taken in preparation,
no responsibility is accepted for the accuracy of the whole or any part and interested persons are advised to make their own enquiries and satisfy themselves in all respects.

CPS Partnership Limited, Licensed under the REAA 2008