INVESTMENT TE PUKE

83, Jellicoe Street, Te Puke, Western Bay Of Plenty

By Negotiation

Proposed Usage
Retail
Floor Area
489.00 m²
Land Area
1530.00 m²
Description:
Property ID
1c3gk1v

83 Jellicoe Street has excellent profile and is located on a 1530m2 freehold site on Te Puke's main retail/commercial street with rear access/parking from Queen Street. The property is surrounded by quality neighbouring businesses including a variety of busy retail shops, cafes, commercial services and offices.

The property presents a fantastic opportunity for an investor or developer with secure holding income and future development options.

Total area: 1530m2 (more or less)
Total net lettable area: 489.19m2 (ground floor retail 293.25, ground floor office/amenities 103.54m2, mezzanine floor office/amenities 92.4m2)

Key Features:
- Large 1970's commercial building
- Situated on Te Puke's main retail/commercial street
- 66% NBS rating
- Long term Tenant (BNZ) on a net lease (paying outgoings plus GST)
- Final expiry date of 31 January 2027 if all rights exercised

83 Jellicoe Street, Te Puke is FOR SALE by DEADLINE SALE closing 4PM THURSDAY 15 NOVEMBER 2018 (unless sold prior).

Extensive Information Memorandum available - contact the Sole Agent today!

The Western Bay of Plenty has one of New Zealand's fastest growing rural populations (currently 17,000). Te Puke is experiencing great growth as a by-product of the growth in Tauranga, Mount Maunganui and strong argicultural results. Te Puke is the heart of New Zealand's prosperous kiwifruit industry. Other industries in this area include Tourism and Horticulture. Regional infrastructure development includes the Tauranga four lane Eastern arterial route giving access to Papamoa, Mount Maunganui, Tauranga and Rotorua.

Enquire about this property

Te Puke Area