Colliers International are proud to exclusively present for sale 168 Omokoroa Road, Bay of Plenty.
The property presents a split risk, fully leased opportunity located in the popular beachside suburb of Omokoroa which is situated between State Highway 2 and Tauranga. The area offers a mix of new and established residential subdivisions
Commercial properties on this tightly held peninsula are very difficult to find with existing commercial tenants struggling to service a suburb experiencing high population growth.
Prominently positioned on a 2,757m² freehold title, this large commercial site with wide road frontage and ample carparking offers investors the security of five tenants on long-term leases. The property is surrounded by an array of popular businesses providing high activity in the area. This includes a FreshChoice supermarket, medical centre, pharmacy and dentist. Split into three buildings with a floor area of 622m² the buildings are low maintenance and have future development potential to further enhance the already substantial rental income.
Property to be sold via DPT 4PM, 05 November 2020 (unless sold prior)
This is a must view opportunity for all investors. These don’t come along often so book an inspection with one of the sole agents today.
Features:
- Net annual rental of $300,000 + GST
- WALT – 3.88 Years
- Spilt Risk - Fully leased, long term - 5 tenancies
- Land area: 2,757m²
- Total floor area: 626m2 (approx.)
- Future development potential
More information: https://www.colliers.co.nz/p-NZL67012297
