Positioned within one of Papamoa’s well-established commercial precincts, Unit 6, 9 Reynolds Place presents a compelling opportunity to secure a quality industrial investment in a tightly held location. The surrounding area continues to experience strong business growth and sustained demand from both occupiers and investors.
The property comprises a well-configured industrial unit featuring a high-stud warehouse, ground floor office and amenities, along with a first-floor lunchroom that supports day-to-day staff operations. Six exclusive car parks are allocated to the unit, complemented by convenient on-street parking for visitors and customers.
The property is leased to an established fitness operator on a new four-year term that commenced in October 2025, with rights of renewal providing future tenure security. This tenancy delivers immediate income for investors while offering exposure to a well-located commercial asset in a rapidly growing coastal market.
With professional body corporate management in place, ownership is straightforward and low maintenance. Combined with its accessible location and versatile industrial configuration, this property represents a well-balanced investment opportunity.
Opportunities to secure quality tenanted units in Papamoa remain limited, making this a compelling addition to any commercial property portfolio.
For Sale by Auction at 11am, Thursday 9th April at the Armitage Hotel Tauranga (unless sold prior).
Features:
- Annual Rental: $60,000 plus GST + OPEX
- 4 year lease term with rights of renewal
- Building area: 334m² (approx)
- Annual rental growth
- Six exclusive car parks with ample street parking
- Professionally managed body corporate
- Rare unit size for Papamoa
- High stud warehouse of 292m²
More information: https://www.colliers.co.nz/p-NZL67038898
