A excellent opportunity to purchase a freehold industrial property within minutes from Tauranga CBD. The property is split into 2 tenancies - Bridgestone New Zealand limited being the anchor tenant on a 6 year term from 2019 with multiple rights of renewals and a local panel and paint business currently on a month by month term. This will be a fantastic opportunity for the new owner to renovate this tenancy and increase the rental return. With a shortage currently of industrial property across the Tauranga industrial sector and the average sqm sitting at $112/sqm there is plenty of upside here.
The corner site offers dual access via Birch Ave and Amber Crescent providing excellent car parking and profile. The building was built in the early 60’s but well maintained for its age and with some minor works this building can be lifted to current earthquake standards.
A unique opportunity for the new owner to renovate lift rental returns and own a industrial property close to the Tauranga CBD with split risk income from 2 tenants.
Ref #: 20661766
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