•Strong lease: 10 year initial term with rights of renewal

•Net rental $55,000 p.a + GST and outgoings

•Rental growth by way of both CPI and market rent reviews

•Brand new property within the architecturally designed complex “The Spring”

•High profile location

•Commercial zoning

•Completion anticipated for Q3 2023

This is a unique opportunity to purchase an A-Grade commercial investment property situated in the heart of the growth beachside suburb of Papamoa in the Bay of Plenty.

“The Spring” development is part of the new Papamoa Junction commercial precinct which is a comprehensive mixed use development of high density residential, retail, trade supply, medical and offices. “The Spring” is accessed off Toorea Street, has great exposure to the busy Te Okuroa Drive, and benefits from plenty of onsite carparks for ease of use for staff/customer parks.

A great investment opportunity with a strong Lease already in place for completion of the building to a proven laundromat operator “Tumble”, who successfully run two local laundromats in Mount Maunganui and Tauranga Central.

For Sale at an asking price of $990,000 + GST (if any). Contact the team for an information pack.