Multiple options here!
- Suit medical or professionals looking to owner occupy
- Add value opportunity for investors to re-tenant
- Potential annual net rental $118,000 + GST
Location is the key to this Tauranga Central 'Avenues' property positioned in a commercial pocket on Eighth Avenue just metres from major arterial Cameron Road. This is a highly sought-after city fringe area for professional offices and commercial services where demand constantly exceeds supply.
The property comprises a single level medical consultancy clinic with fourteen onsite car parks. The premises are currently part tenanted by 8th Avenue Specialists Limited and Audika Hearing with the balance of the offices being vacant.
This provides several options for post auction ownership including offering new leases to existing tenants whose tenures expire 31 December 2021 or vacant possession from that date for an owner occupier or developer.
Commercial opportunities of this calibre are scarce in the Tauranga 'Avenues' market and this one must command serious attention from prospective purchasers who recognise the strong add value attributes to refurbish/repurpose/re-lease or alternatively redevelop to maximise the potential for future multi-level/mixed use development.