Colliers Tauranga presents 20B Newton Street for sale with vacant possession allowing for immediate occupation. Proudly prominent on Newton Street, this road front building includes 4 exclusive carparks (more are often available) and a flexible internal layout. Designed to provide profile for its occupant with the unique benefit of a high office and showroom ratio. Architectural merit to the road frontage along with substantial glazing to the north-facing aspect provides sun and natural light. The property is a separate freehold title and is not restricted by being part of a unit title complex. Previously occupied by UBCO electric bikes, the space is well suited to showroom and office users and is complimented by a smaller workshop/storage to the rear plus storage mezzanine.
20B Newton Street will appeal to owner occupiers searching for unicorns who want this attractive office and showroom ratio, as well as investors who understand the high tenancy demand in this tightly held area, to add instant value to their portfolio. Newton Street is eternally popular for trade based uses, showroom trade, manufacturing and many more. The building has the added benefit of being suitable to lease in two parts with separate access to the upstairs.
The property enjoys excellent connectivity, with close proximity to key arterial routes, including State Highway 2, and is just minutes from the Port of Tauranga, New Zealand’s largest port as well as down town Mount Maunganui. This strategic location provides businesses with a strong logistical advantage, while being only a short drive from the popular beachside suburb of Mount Maunganui, offering a vibrant mix of industrial, commercial, and recreational amenities.
Priced to sell at a yield of 5% plus (based on the current market rental appraisal) which for Freehold well located in Mount Maunganui will guarantee strong interest in this opportunity. Invest or occupy, call the sole agents Rachel Emerson or Simon Clark for a full information pack and to arrange a viewing as a site inspection will exceed your expectations.
For sale by Asking Price of $1,995,000 + GST (if any) - 5.5% return!
Features:
* Land area: 561m²
* Rentable area: 460.9m² (approx.)
* Market rental: $109,725 + GST & OPEX
* Freehold title (not stratum)
* Industrial zoning
* High profile locality
