• New 3-year lease commenced on 3 September 2024

• Modern, low maintenance building construction

• Freehold title with no Body Corporate

• Annual Net Income $92,324.20 +GST & OPEX

• A major destination shopping centre in the Bay of Plenty

This superbly located retail premises forms part of the Fraser Cove Shopping Centre and is leased by Godco Vacuums Limited who recently took out a new lease at the premises in September last year.

This freehold property is situated at the popular Fraser Cove Shopping Centre, a strategically located regional shopping complex that has achieved a dominant position in the large format retail sector in the greater Tauranga area, with a mix of over 30 tenants including Woolworths, The Warehouse and nearby Chemist Warehouse plus a large number of other national traders.

This is an outstanding hands-off investment opportunity that is fully managed by the highly reputable NZ Retail Property Group providing a perfect property for passive investors looking for a hassle-free long-term hold asset.

The owners are motivated to make a decision on Auction day, so the opportunity presents to pick up a solid passive investment property at a yield sure to beat the returns in the bank. Call Team Bradley today for a full information pack.