Bayleys Tauranga is pleased to present 140 Second Avenue, Tauranga for sale by Deadline Sale, closing Thursday 30th July at 4pm. (unless sold prior)
140 Second Avenue, Tauranga presents a compelling opportunity to secure a well-located commercial investment underpinned by freehold land, a strengthened and modernised building, and established rental income in one of Tauranga's most strategic commercial precincts.
Occupying a 1,012sqm (more or less) Commercial-zoned freehold site, the property comprises a substantial standalone building of approximately 983sqm. Extensively refurbished and seismically strengthened, the improvements provide a practical and functional mix of warehouse, office and staff amenity accommodation, offering long-term usability and broad tenant appeal.
The property is fully leased on a approx 6 year lease term, returning $178,500 per annum plus GST and outgoings, with built-in yearly rental growth. The established tenancy provides investors with immediate cashflow from settlement while benefiting from future rental uplift.
Strategically positioned on Second Avenue, the property enjoys excellent connectivity to Tauranga's CBD, Takitimu Drive, State Highway 2, the Port of Tauranga and the wider Bay of Plenty transport network. The location continues to benefit from significant public and private investment, with the ongoing revitalisation of Tauranga's city centre expected to further enhance the area's appeal and long-term value.
Commercial investments offering a combination of freehold land, modernised improvements, secure income and future growth potential are increasingly difficult to secure. The property's strategic position within Tauranga's established commercial precinct, coupled with the city's strong economic fundamentals and population growth, further reinforces its investment credentials.
Key Features:
• Freehold 1,012sqm (more or less) Commercial-zoned site
• Standalone 983sqm (approximately) commercial building
• approx. 6 year lease term returning $178,500 per annum plus GST and outgoings
• Built-in annual rental growth providing future income uplift
• Extensively refurbished and seismically strengthened improvements
• Strategic location on the fringe of Tauranga's CBD
• Excellent access to State Highway 2, Takitimu Drive and the Port of Tauranga
• Positioned to benefit from Tauranga's continued growth and city centre revitalisation
Contact Myles Addington on 021 622 229 for further information.
