Colliers are proud to offer this unique add value investment opportunity on Pyes Pa Road/State Highway 36 in Pyes Pa for sale.
The large 6,976m² site offers great exposure and is strategically located in one of Tauranga's premium suburbs adjacent to the exclusive ACG School. The Pyes Pa and Tauriko locality is experiencing huge growth in both sectors of residential and commerce with the burgeoning Tauriko Business Estate, Tauranga Crossing Shopping Centre, and The Lakes all on the doorstep of the property.
Café 'Four14 Espresso’ has a strong following from locals and commuters approaching and leaving the city and by its adoring locals. The second tenant’s leased area includes the house and standalone building which is home to ‘Secondhand Avenue’ and is an absolute delightful treasure trove of estate sale vintage and homewares. The 1960’s red brick home, has huge character appeal, a stylish art deco vibe and wide expansive views to the North and West.
The investment is underpinned by two tenancies producing a substantial holding income. Further value lies in unlocking the sites subdivision potential which has a resource consent for three titles. This allows a large residential development site with an identified flat building platform offering expansive views to the North and West.
Call the sole agents, Duncan, or Rachel today.
Ref #: 20823523
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