Industrial Building with Extra Land & Expiring Lease
Good solid stand-alone industrial property well positioned for easy access to Tauranga's roading network.
458 square metres of floor area configured as a single tenancy but could readily be reinstated into dual tenancies.
The 1,390 sqm site has ample parking and yard area, but best of all, the building footprint occupies less than 30% of the land area providing extra scope for expansion of the building or further development.
The current lease expires on 31 May 2019 which opens the way for owner occupiers, developers and other value-adders to take possession and get their business operation into action.
The property is woefully under-rented at $40,900 pa net, and new owners, with the right management, strategy and replacement tenants, could look forward to bettering the current returns significantly.
Owner-Occupiers, developers, land-bankers, or investors looking for a property with genuine upsides need to look at this property.
Contact Tony Doms today..