• Rare opportunity to secure a premium Tauranga City Centre development site
• Large corner site encompassing four freehold titles totalling 2,449sqm (approx.)
• Returning a net rental of $296,000 +GST and outgoings p.a.
This substantial offering of 2,449sqm (more or less), fronting Spring Street and Durham Street provides an opportunity for developers to secure a premium landholding in a highly sought after position. Leased to the Bay of Plenty Regional Council, with a strong rental return of $296,000 +GST and outgoings p.a.
The site benefits from City Centre Business zoning and is located within Zone A of the current City Plan indicating no building height limit. Further reinforcing the site's potential for future large scale development.
Tauranga’s city centre is undergoing a significant period of transformation, with major public and private projects now well underway and a number of high-quality office developments reshaping the CBD.
Seldom do sites of this scale become available to the market within Tauranga's CBD.
For more information contact Rory Brown today.
