Tidy commercial premises on Tauranga’s popular city fringe ideal for either investors or owner-occupiers
A versatile office and showroom property on Tauranga’s popular city fringe is for sale with vacant possession, making it ideal for either investors or owner-occupiers.
Colliers International is marketing 23 Brown Street, Tauranga, for sale by auction at 11am on Thursday 21 February, unless it sells earlier.
The property comprises a standalone 270sq m commercial building over two levels, situated on a high-profile 858sq m freehold site.
Simon Clark, Managing Director of Colliers Tauranga, says the premises offers excellent exposure to the northern end of Tauranga’s CBD.
“Large, prominent sites like this with such modern, versatile buildings rarely come available in this sought-after location.
“This distinctive office property is located directly opposite the intersection of Willow Street and Brown Street, providing excellent exposure to traffic travelling to and from the city.
“A substantial ground floor footprint offers a versatile mix of space, with a large showroom and open plan office at the front and fully partitioned, air-conditioned offices at the rear.
“Ample on-site car parking is offered at the back of the property, with 14 marked spaces available for staff and customers, plus the possibility of adding a further two spaces on the driveway.
“The existing development is ideal for general office or medical use, but the property also has great potential for further expansion or even conversion to other uses.”
The well-presented, modern property has undergone significant expansion and refurbishment since its construction in 1982.
Initially a residential building, it was converted to a physiotherapy clinic in 1986 and redeveloped again in 1996.
It was converted and extended to its current configuration for the previous tenant, optometrists OSPM, in 2004.
The 241.4sq m ground floor has a large showroom and reception area that fronts Brown Street.
The internal layout maximises the natural light, offering an inviting entrance to the open plan showroom with expansive road frontage.
To the rear is a workroom, large single offices with basins, a lunchroom, and male and female amenities.
The 28.4sq m first floor and attic provides further office space and storage.
The property is for sale with vacant possession, making it suitable for add-value investors or owner-occupiers.
Once fully rented, it could return an estimated $101,624 plus GST and outgoings in net annual rent.
Duncan Woodhouse, Commercial and Industrial Sales Broker at Colliers International Tauranga, says the property’s zoning make it suitable for a range of long-term redevelopment options.
“The property is zoned City-Living/Mixed-Use, which is designed for medium-density residential development, balanced with the urban landscape character and heritage of the surrounding areas.
“This zoning allows for development from 9m to 19m in height, with office and medical uses permitted on the ground floor and residential on the upper floors.”
Woodhouse says the property is located in a leafy and established part of Tauranga’s city fringe.
“Brown Street is the main feeder for traffic entering the northern end of the CBD and has beautiful established trees along its roadside.
“It offers great access to the main highways around the city and is within walking distance of the CBD’s retail, office and hospitality offerings.”
Surrounding development includes a large number of professional and medical offices. The Hotel Armitage and Roselands Motel are also draws to this area.
The property is close to the Tauranga Domain, which offers regular sporting and musical events.
Get the latest commercial real estate insights and property news.
Looking for commercial real estate? Try our property search or connect with expert commercial real estate agents today.
Need your real estate assessed? Work with our expert property valuation services team.
Looking to develop your career in property? Learn about careers at Colliers.