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ID#594192
111 Third Avenue,
Tauranga City
Tauranga
$3,200,000
3
3
Approx
838m²
(≈9,020.15 sq.ft.)
Approx
1,029m²
(≈11,076.05 sq.ft.)
proudly marketed by
Tony Doms
Associated Realty Limited
Fully Leased Commercial Property Investment
Comprehensive Modernisation and Tenancy -
This well-designed building has been thoroughly transformed from its origins as a standard factory into a contemporary and appealing commercial property with multiple tenants. It is fully leased to two reputable businesses, one of which is Vetro Mediterranean Foods- a popular destination for food enthusiasts specialising in exotic and gourmet food and beverages. Vetro Mediterranean Foods has operated from this location since 2016.
Financial Overview -
The property currently generates a total annual rent of $184,474. Built-in provisions for rent reviews based on market conditions and the CPI ensure opportunities for future rental growth.
Prime Location and Accessibility -
Situated on the city fringe, the property offers convenient access for customers and provides ample space for material handling as well as on-site parking for both staff and visitors.
Investment Opportunity -
This is an exceptional chance for smart investors seeking a prime commercial asset. If you are interested in learning more about this outstanding investment property, register your interest with Tony Doms today for further details.
(Note - Boundary Markers are indicative only)
Location
Agent
Tony Doms
Associated Realty Limited
Licensed Real Estate Agent (REA 2008)
Tony's career in the real estate industry spans over 30 years when he joined Bay of Planty Real Estate Ltd in Tauranga as a Salesperson specialising in placing home purchasers into their first homes. Tony's switch to Commercial and Industrial sales and leasing occurred when he first joined Associated Realty's Rotorua office in 1993. Along the way Tony has gained extensive experience and knowledge of all aspects of marketing, leasing and sales of commercial and industrial property, he provides his clients an exceptional level of expertise and service. Tony has been a keen motorcyclist for many years, and is currently building a John Welsford sailing boat in his spare time. For quality advice, service and results contact Tony.
read moreThis property was photographed by
Alta van Blerk
Media Specialist
BOP
ID#594192
111 Third Avenue,
Tauranga City
Tauranga
$3,200,000
proudly marketed by
Tony Doms
Associated Realty Limited