New Zealand Real Estate For Sale

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111 Third Avenue

Bay of Plenty
3
3
N/A
838sqm
1029sqm
111 Third Avenue Bay of Plenty
proudly marketed by
Associated Realty Ltd MREINZ
Fully Leased Commercial Property Investment
Comprehensive Modernisation and Tenancy - This well-designed building has been thoroughly transformed from its origins as a standard factory into a contemporary and appealing commercial property with multiple tenants. It is fully leased to two reputable businesses, one of which is Vetro Mediterranean Foods- a popular destination for food enthusiasts specialising in exotic and gourmet food and beverages. Vetro Mediterranean Foods has operated from this location since 2016. Financial Overview - The property currently generates a total annual rent of $184,474. Built-in provisions for rent reviews based on market conditions and the CPI ensure opportunities for future rental growth. Prime Location and Accessibility - Situated on the city fringe, the property offers convenient access for customers and provides ample space for material handling as well as on-site parking for both staff and visitors. Investment Opportunity - This is an exceptional chance for smart investors seeking a prime commercial asset. If you are interested in learning more about this outstanding investment property, register your interest with Tony Doms today for further details. (Note - Boundary Markers are indicative only)
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