Take advantage of higher returns while they still last!
On offer is the opportunity to own your own piece of this bustling shopping centre with a new tenant taking over the Ex-Godfreys tenancy on a 3-year term. From August 2024, the tenant will be selling from this refreshed showroom a range similar to, but more premium offering than Godfreys. Fraser Cove is managed by NZRPG, and this hands-off passive investment with the growth area of Tauranga makes for an attractive asset class.
Fraser Cove shopping centre enjoys a central position within the Tauranga Region and is accessible to the wider area with ease. The 32,000m² large format retail commercial centre boasts over 1,200 car parks and features some of New Zealand's leading brands, including Reduced to Clear, The Warehouse, Reduced to Clear, Cracker Jacks, Chemist Warehouse, Repco, Countdown, Evo Cycles, Burger King, and many more.
This opportunity guarantees rental growth and together with the passive nature of this investment ensures hands off investing at much better than bank returns.
Contact Simon or Rachel to arrange a viewing.
Features:
* Title area: 347m2 (Approx.)
* Building area: 297.82m2 (Approx.)
* $92,324.20 + GST p.a rental
* New 3 year lease
* Well-regarded, vibrant shopping centre
* Bank bond guarantee in lease
* Strong retailer line-up
* Ample carparks
* Built-in rental growth
