DUAL INCOME - CHARACTER INVESTMENT

72-74 First Avenue, Tauranga

Investment For Sale

For Sale    Tenanted Investment
Land Area: 759.00 m2.    Floor Area: 407.00 m2.    
Sale Price: $2,642,500.

Description

This is a very unique investment opportunity to purchase an iconic property with one of Tauranga's best cafes and a national tenant (RCP) as tenants. The property is situated in one of the cities hotly sought after locations across from the massive new Farmers and high rise apartment development. This location offers fantastic Northern aspect, great street parking and is in a location which will see significant growth in the near future. Sit back and take the substantial rental income from these two tenants and then plan your future high rise retail, office and/or apartment development on this strategic site with rear service lane access.

Features

  • Net rental: $132,125.00 pa + GST & outgoings
  • Adjoining site available to purchase
  • Two tenancies on good leases
  • Adjacent new Farmers redevelopment
  • Inner City Highrise Zone
  • Opposite Council car parking building
  • Rear service lane and parking
  • Iconic cafĂ© tenant
  • North facing outdoor area
  • For Sale by Asking Price: $2,642,500 + GST (if any)

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