- Sizeable freehold site of 4,642sqm (more or less)
- Returning a net rental of $165,289.00 +GST and outgoings p.a.
- 8 industrial units with mixed tenant pool for income security
- Combined floor area of 1,878.2sqm (approx.)
- Front building with good profile to Maleme Street
- Circa 40 onsite carparks
Positioned in the heart of one of Tauranga’s earliest established industrial precincts, 61 Maleme Street, Greerton presents investors the opportunity to secure a split risk investment with rental upside and potential for future redevelopment.
Comprising eight industrial units with a total floor area of approximately 1,878.2sqm, the property sits on a freehold site of 4,642sqm (more or less). Currently returning a net annual income of $165,289 + GST and outgoings, this investment offers good holding income from day one.
The site benefits from drive round accessibility, providing for heavy vehicles, suiting a range of light industrial and logistics users. Offering excellent functionality for a diverse tenant mix and potential future development, further improved by the inclusion of circa 40 onsite carparks.
Strategically positioned within Tauranga’s Greerton industrial hub, Maleme Street connects directly to major arterial routes including State Highway 29 (and 29A) providing seamless links to Tauriko, the Port of Tauranga and Mount Maunganui along with State Highway 36 to Rotorua and the wider Golden Triangle.
Surrounded by established national and international occupiers, the Greerton industrial area continues to show strong rental performance and low vacancy levels, underpinned by Tauranga’s ongoing growth as a logistics and manufacturing hub, supported by the Port of Tauranga.
For more information, or to arrange a private inspection, contact sole listing agents, Rory Brown and James Ross.
