Cash flow plus
285, Maungatapu Road, Maungatapu, Tauranga
- Proposed Usage
- Floor Area
- 961.00 m²
- Land Area
- 3108.00 m²
- Property ID
- 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.