Price by negatiation
UNDER CONTRACT
•Outstanding industrial investment opportunity currently returning $137,369.49pa plus GST
•Ten-year lease with Simply Funerals currently returning $125,934.13pa plus GST and Outgoings with built-in rental growth
•Cell phone tower returning $11,435.36 plus GST per annum
•Located in high-growth Tauriko Business Estate and close to the Tauranga Crossing Shopping Centre
•Unique opportunity to purchase a near-new standalone building with excellent SH29 exposure
On offer is this immaculately presented property leased long term to Simply Cremations TGA Ltd T/A Simply Funerals, secured on a ten (10) year lease with right of renewal.
The property boasts a large 1,341sqm (more or less) freehold title and building spanning 561sqm (more or less) featuring an extensive internal fit-out purpose-built for the funeral home tenant, plus billboard facing SH29 and cellphone tower adding a second stream of income.
The building design was intentionally planned to allow potential to split the space into two separate tenancies, providing owners future flexibility.
The existing tenant’s high-quality fit-out serves as a strong anchor, offering an appealing combination of visibility and accessibility which is supported by a secure long-term lease.
The properties' location allows for ideal connection to key arterials and access to amenities and is situated in the heart of planned future growth with up to 4,000 new homes planned across Tauriko West and located approximately 2.5hours drive to 50% of New Zealand’s population.
Floor Area Breakdown (all areas are approximate)
Total floor area: 561sqm (approximately)
Warehouse: 436.9sqm
Ground floor office and amenities: 62.1sqm
First floor office: 62.1sqm
Land area: 1,341sqm (more or less)
Zoning: Industrial zoning
Properties of this calibre are rare - this is a trophy investment opportunity not to be missed.
Contact Myles Addington for a full information pack.
