Prime High Rise Development Site

Property ID 1588168

Strategic corner CBD location, current Seismic rating of 42% NBS

Holding income with Lease Exit Clause

Potential to lease up and add capital growth to existing buildings

Tenancies from 100m2 to 2,000m2 with car parks

Outgoings: Total Rates $13,483.21 p.a. incl GST insurance $15,000 (2015/2016

Zoning: Commercial Business (TCC District Plan allows a height limit up to 49m)

Excellent long term development opportunity

Previous Resource Consents include 150 room Hotel plus apartments

3 Level office building with 45 parks

Excellent opportunity to take advantage of the new Waikato University student accommodation potential

Investigate this opportunity now!

Contact the SOLE Agent for more information!

63-69 Spring Street Tauranga Central BYPLTY 3110 NZ
-37.684239 176.167828
Key Information
Tenancy StatusCurrently Vacant
Annual Yield (Gross)N/A (Marketed Without Price)
Annual Yield (Nett)N/A (Marketed Without Price)
Title SchemeNot Applicable

The above figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply.

* The rental income figures are based on an estimate by the selling agent of the likely amount the property would rent for if marketed for lease. It is not a valuation.