This versatile industrial investment provides modern office and showroom accomodation as well as quality warehousing, with plenty of excess land area for storage and parking. Koromiko Street is a strategic commercial address being located only minutes from Tauranga CBD and the Port, but is also close to all major arterial routes leading around the city as well as Hamilton, Auckland, Mount Maunganui and beyond. The long established tenant NZ Windows provides solid long term net rental income of $335,400 pa + GST until at least April 2032, and there should be excellent rental growth at the next rent review. Investors will be securing a top quality industrial investment with modern multi use buildings on a large freehold site with excellent accessability and parking, in the tightly held Tauranga industrial market.
Features:
- Freehold land area: 4,553m2
- Building area: 2,354m2 + 258m2 canopies (approx.)
- Future rental upside
- Close to major roads
- Ample carparks and yards
- Long lease until 2032 + rights of renewal
- Mostly modern buildings
- Net rental: $335,400 + GST p.a with upside
More information: https://www.colliers.co.nz/p-NZL67034983
