99 Jellicoe Street, Te Puke, Western Bay Of Plenty
$995,000
359m2
294m2
+8
+7
Buy now at 6.7% yield
99 Jellicoe Street is a well located standalone 1980's commercial building ideally situated on a prime 359m2 freehold corner site of the busy high-profile main road in the large rural township of Te Puke. The property presents a fantastic opportunity for an investor or developer with secure holding income and future development options. The long term tenant (MSD) has just spent $65million nationwide upgrading their branches including this one Total area: 359m2. Total net lettable area: 293.9m2 (ground floor 227.6m2, mezzanine 66.3m2) Key features: • Prime corner site location by Jellicoe Street and Jocelyn Street roundabout • 1980's commercial building in the heart of Te Puke • Long term Tenant (Ministry of Social Development) currently paying $84,225 per annum plus GST (including outgoings) • Final expiry date of 31 October 2032 if all rights exercised. The Western Bay of Plenty has one of New Zealand's fastest growing rural populations. Te Puke is experiencing great growth as a by-product of the growth in Tauranga, Mount Maunganui and strong agricultural results. Te Puke is the heart of New Zealand's prosperous kiwifruit industry. Other industries in this area include Tourism and Horticulture. Regional infrastructure development includes the Tauranga four lane eastern arterial route giving access to Papamoa, Mount Maunganui, Tauranga and Rotorua and the new Rangiuru Business Park and the Sands retail development at Papmoa which are all close by. Extensive Information Memorandum available - contact the Sole Agent today!
99 Jellicoe Street, Te Puke, Western Bay Of Plenty
Web ID
TGC187774
Floor area
294m2
Land area
359m2
$995,000
Request property files
Print property flyer
View by appointment
Contact
Property enquiry
About the location
You might also like
New industrial unit - street profile in Tauriko - must sell! Price reduced. • Urgent sale required - vendor's price reduced from $739,000 to $699,000 + GST (if any) • Perfect for owner occupiers! • New 96m2 ground + 20m2 mezzanine (approx.) industrial unit • Street front unit, located on a high traffic road • Tilt slab and steel construction • Stud height allows stacking to 5 metres (approx.) • Compact office and amenities • Three carparks Matakokiri Drive is strategically positioned between SH29 (Kaimai) and SH36 (Pyes Pa) - to be linked. It is set to be a busy arterial route with the nearby new Winstone Wallboards 12.8HA site (opening in 2023). Tauriko Business Estate offers easy access from Takitimu Drive (motorway) and from the Lakes and Pyes Pa residential subdivisions via Paraone Koi Koi Drive. The Tauriko Business Estate comprises of 200 hectares of net developed lots and is one of the largest industrial parks in Australasia. Contact the sole agent, Philip Hunt for more information.
$699,000 + GST (if any)
Area (approx.): 102m2 Rental: $43,350p.a + GST + OPEX An exciting new development at Omokoroa is here! This development is a rare opportunity to acquire a gold star lease business in a superb location. • This tenancy is part of the food and beverage hub, medical hub, retail, recreation and professional office hub and residential hub development for The Village, Omokoroa • This is a unique opportunity to lease a florist business in the Village of Omokoroa • Reputable construction company, due for completion in August 2023.
$43,350 pa + GST + OPEX
Area - 250 m2 (approx.) Retail and 250 m2 (approx.) Basement storage. Total $52,000 per annum + GST + opex or split and lease retail space or storage. Vendor is willing to incentivise suitable tenant with reduced rental for 2 years. Real value here.
$52,000 pa
Request for information files
