BRAND NEW WATERFRONT INVESTMENT

49-51 The Strand, Tauranga

Investment For Sale

Auction to be held at 11am Thursday, 21 Feb 2019 (Unless sold prior)    Tenanted Investment
Floor Area: 985.00 m2.    

Description

This brand new four storey office and hospitality investment is situated in the heart of Tauranga’s waterfront eating district with stunning views of the Harbour and Council’s new waterfront precinct. The property offers a very secure income from 4 tenants on long leases with personal guarantees & guaranteed rental growth. The downstairs is occupied by an experienced restaurant/bar operator and the upper level by 3 quality office tenants whom have just spent a considerable amount on new high quality internal fitouts. Investments in this prime CBD waterfront location rarely come available, especially with such a secure rental income and a brand new high specification building.

Features

  • Brand new 4 level building
  • Current rental: $362,770 + GST p.a & outgoings
  • 4 tenants on 6 to 10 year leases
  • Guaranteed rental growth
  • Prime CBD waterfront location
  • Stunning views of harbour
  • Substantial new tenant fitouts
  • Brand new high specification building
  • For sale by Auction 11.00am, Thursday 21 February 2019 at Hotel Armitage, 9 Willow Street, Tauranga (unless sold prior)

Sale Areas

Area Size
Total Floor Area: 985m²
Decks: 114m²

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