This is an excellent commercial investment opportunity with secure income and future upside. The property offers excellent connectivity and is located in the commercial zone between Cameron road and Takitimu Drive being the main gateway into Tauranga and walking distance to Tauranga CBD.
The property is being used as a regional distribution warehouse leased to Tyre Max a nationwide Tyre wholesaler who has just renewed their lease through until 2025. The functional warehouse provides 3 rollers, staff / toilet and office facilities. The property also enjoys a rear yard for additional storage and off street car parking on the road front.
Due to the underlying commercial zoning of the property, investors will see the huge potential through refurbishment and conversion into chic fringe CBD office or bulk retail. This change of use will substantially increase rental returns.
An investment with secure income from a national tenant and twist of retail / office conversion in the future - An investment not to be missed.
Ref #: 20817342
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