91 Fraser Street, Tauranga Central, Tauranga & Surrounds

Boutique office investment with national tenant

91 Fraser Street is a great opportunity for investors to secure a freehold investment with a national tenant who have occupied the site for over 18 years.

Well-presented, property with a 124sqm house converted to boutique offices leased to MTF Finance Fraser Street. Zoned High Density Residential with council approved Existing Use Certificate, providing long-term tenure for the property to remain as commercial offices. Currently returning $48,200 per annum plus GST and OPEX, from MTF Finance Fraser Street on a 5-year lease term. The well configured office includes 3 meeting rooms or private offices and two open-plan workspaces, supported by a modern kitchen/staffroom opening out onto a north facing deck.

Key Features:
• Building area: 124.7sqm (approximately)
• Single car garage 27.6sqm (approximately)
• Land area: 655sqm (more or less)
• Net income: $48,200 per annum plus GST & OPEX
• 7 marked on-site carparks
• 3 separate office/meeting rooms plus 2 open-plan workspaces
• Modern staffroom with rear deck
• High Density Residential zoning with Existing Use Certificate
• Freehold title

Contact Tyler Barry on 027 386 7744 or Mark Walton on 027 232 6307 today for the full info pack and to arrange a viewing.