Near New Building with Gold Plated Leases
Property details
• First time on the market this exceptional property at 20 Whiore Avenue, Tauranga which is positioned in the highly sought-after Stage One of the Tauriko Business Estate.
• This 561 sqm building was constructed to high and exacting standards in 2020 and is configured as a Funeral Parlour complete with Offices, Chapel, Viewing Rooms, Mortuary and a spacious Warehouse, all low maintenance and of a modern and attractive design.
• The 1,341 sqm site provides ample parking, enjoys maximum business exposure from State Highway 29. The security fenced forecourt area is concrete paved.
• A 10-year lease is in place to highly acclaimed regional Funeral Director Simplicity Funerals, and a 6-year lease is in place with Spark for a cellphone tower.
• The total annual rent is $137,369 net with a mix of Market and CPI linked Rent Reviews guaranteeing future rental growth.
Auction 2.00pm Thursday 17th October 2024 if not sold prior.
Opportunities to own commercial property of this calibre in Tauranga are rare, so register your interest and book a viewing with Tony Doms right now.