Cash flow plus

285, Maungatapu Road, Maungatapu, Tauranga

Tender

Proposed Usage
Industrial
Floor Area
961.00 m²
Land Area
3108.00 m²
Description:
Property ID
1c76wpl

- Excellent high-profile location
- 3,108sqm site
- Multiple titles
- 100% occupancy
- Net passing income $182,667 + GST

Maungatapu Peninsular is in the middle of Tauranga, fully developed as an attractive residential suburb. It is accessed via the major roundabout servicing State Highway 29, Welcome Bay, Ohauiti and 15th Avenue in central Tauranga. Maungatapu Shopping Centre is the central hub of the community.

The excellent tenant mix includes: Dragon Fish and Dumplings, The Hidden Lunch Bar and Bakery, AJ's Tab, Gaming and Bottle Store, Maungatapu Pharmacy, Maungatapu Superette, Adele Beauty, Trimmerz Hair Design and Vanilla Cafe, complimented by a Lotto outlet and NZ Post boxes. The centre has a history of exceptionally high occupancy.

Ultimately the site has significant development potential but in the meantime the strong cash flow makes 285 Maungatapu Road attractive to a range of investors.

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Maungatapu Area