• Prime position on Cameron Road
• Affordable split-risk investment
• Solid cashflow from four established tenants
• Future redevelopment location
A cracking opportunity to own a two-level commercial property on coveted Cameron Road in Tauranga. This split-risk investment has four established tenancies comprising one retail and one office tenant both taking advantage of the high profile location and two storage tenancies below with access from the rear. A right of way provides access to 10 on-site car parks which are like gold dust for CBD tenants!
Fully leased with modern, well-presented fitouts for the two main tenants and final expiries of 2027, 2030, 2034 and 2036, the property returns an annual net income of $84,440 + GST and outgoings. A hands-off investment opportunity in a prime city centre fringe location, this will appeal to both first-time commercial investors and experienced property people who understand the importance of location to underpin future tenant demand and the excellent long-term re-development prospects this property presents.
