AN INVESTMENT OF A LIFETIME - DOWNTOWN THE MOUNT

223, Maunganui Road, Mount Maunganui, Tauranga

Price On Application

Proposed Usage
Office
Floor Area
1345.00 m²
Land Area
3096.00 m²
Description:
Property ID
1c3xvkw



This is a "once in a lifetime" investment opportunity to purchase an iconic retail and hospitality property situated in one of New Zealand’s top tourism and beachside locations. This distinctive architecturally designed building was constructed in 2016 and is situated in the heart of the sought after downtown Mount retail area. It offers 9 single level retail tenancies each with wide retail frontages and their own services as well as 52 onsite carparks. The property has a great mix of retail, restaurants, cafes and fast food tenants which are all on long term leases with guaranteed annual CPI + 2% per annum rent reviews. The site services a huge number of local and national tourists which are drawn to this boutique  beachside shopping location as well as an estimated 225,000 international tourists from the 110 cruise ships that will enter the Mount Maunganui harbour this summer. The huge corner site has lots of future potential to further develop and the new building is designed to allow subdivision into 4 separate freehold titles. This guilt edge investment will last the test of time and bear fruit for generations to come.

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Mount Maunganui Area