Strong Income Earner / Attractive Yield
356-358, Cameron Road, City Centre, Tauranga
Price On Application
- Proposed Usage
- Floor Area
- 688.00 m²
- Land Area
- 716.00 m²
- Property ID
- Excellent opportunity to secure a prime Tauranga Cameron Road site
- Current annual net rental $143,728 + GST & Outgoings
- 3 tenancies, split risk investment, strong income earner & cashflow
- 716sqm site / 688sqm building (approx.) / 9 on site car parks
- Priced to sell at a generous Tauranga yield of 5.33%!
This building comprises a two level commercial premises with the ground floor occupied by two long established retail tenants that include a restaurant and a bakery. The first floor is leased on a long term basis to an accommodation operator as hostel facilities.
The property provides a split risk mix of three tenancies on various lease terms that currently returns an impressive annual net income from realistic rental rates that have strong future growth potential for a new owner.
Positioned between Fourth Avenue and Arundel Street on main arterial route Cameron Road, this is a strategic profile site situated in a highly sought after city fringe location.
Commercial opportunities in this location are scarce in the Tauranga market and this Cameron Road offering is a compelling investment option that must command serious investor consideration!