A tightly held Mount Maunganui asset delivering a steady income with long-term development upside, this multi-tenanted office and medical complex presents a compelling opportunity for both investors and future developers. Returning a net rental of $166,955 + GST, the property is supported by six established tenants, providing a diversified and resilient income stream.
The multi-tenant building sits on a valuable1,582m² freehold site within a well-established medical and professional location. Surrounded by modern commercial developments, the location continues to benefit from strong underlying tenant demand. The close proximity to Bayfair Shopping Centre and a growing residential catchment further underpins tenant demand and future value growth.
The scale of the landholding which is surrounded by shopping, medical and public amenities, combined with favourable high-density zoning, positions the property for future residential intensification in this high demand location.
Contact Rob or Duncan today for more information.
For Sale by Auction at 11am, Thursday 16 April 2026 at the Armitage Hotel, Tauranga (unless sold prior).
Features:
- Floor area: 458m²
- Substantial freehold 1,582m² site
- Net rental income: $166,955 + GST
- Six established tenants, with attractive sized tenancies of 45-100m²
- Diversified multi-tenancy income stream
- Large Freehold title with development potential
- Zoned to high density residential
- Established medical and professional location
- Walking distance to Bayfair Shopping Centre & the beach
- High underlying land value
More information: https://www.colliers.co.nz/p-NZL67038920
