Auction: Thursday 28 May 2026 at 11:00AM (unless sold prior)
Seize this tightly held and perfectly located medical centre in the heart of Tauranga. A strong lease with the enduring 5th Ave Medical Practice has a strong return of $233,000 per annum + GST and outgoings. Purpose-built in 2001, the owners are ready to retire and let the new owners enjoy the returns. The current eight-year term runs through to October 2027, with two four-year rights of renewal taking the lease to 2035. Rent reviews are three-yearly, with the next one due in October 2026.
Patients are welcomed in with a large split waiting room and a sublet pharmacy in the foyer. The practice has a very functional layout with eight doctors' consulting rooms on the outside walls and then nurses' rooms through the centre. At the rear are the utility rooms, which include a surgical room for minor surgeries. The upstairs area includes the finance and administration area, along with a break room. Building maintenance has been kept up, and a building report is available on request. The fitout is maintained by the tenant but remains at the end of the lease. Car parking is suitable for the purpose, with additional street parking in the area. At the rear, a utility entrance is ideal for supplies, ambulances and staff parking.
The practice serves the central Tauranga area, which continues to grow with housing intensification. The area is always popular for commercial premises, and the 1,375m² section is well positioned between a fast food outlet and the Tauranga Primary School.
Auction documents and a full information pack are available, so call today.
Auction closing 11:00am, Thursday 28 May 2026 at Barfoot & Thompson Mt Maunganui Branch - 314 Maunganui Road, Mount Maunganui (unless sold prior).
See this listing on Barfoot & Thompson
