Bayleys Tauranga is proud to present 8 Titoki Place, Mt Maunganui priced at $4,950,000 plus GST (if any)
With Mount Maunganui land at the top of the wish list for most investors and owner occupiers, this is an opportunity to own a substantial land holding with excellent upside and potential.
Perfectly located and backing onto the new State Highway 2 and State Highway 29 interchange - The property consists of 6,193sqm (more or less) of land with 1,146sqm (approximately) of buildings.
For sale with vacant possession, this is ideal for owner occupiers and add value investors to utilise the current improvements or further development, enhanced by income from three cell phone towers on the perimeter of the property on long term leases.
Potential options may include subdividing off cool store buildings on approximately 2,200sqm of land and retain the residual yard and workshop on approximately 4,000sqm of land.
Building area: approximate
831sqm plus canopy cool store facility
215sqm workshop building
100sqm Separate onsite office
Three cell phone towers on long term leases returning $29,050pa + GST
Total current holding income of $129,050pa+GST from yard rental and cell phone towers
Located at the heart of the highly coveted Mount Maunganui Industrial precinct known as the logistics and distribution epicentre within New Zealand’s economic Golden Triangle. The property is located supremely close to the Port of Tauranga, container terminal and Tauranga airport.
Owner occupiers, add value investors, developers are urged to enquire today.
