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Outstanding Commercial Opportunity

Te Puke, 134 Jellicoe Street

Price by Negotiation

Listing Number: TV53951
About this listing
2752sqm commercial site with three reliable tenancies. Great Jellicoe Street location on corner site with great visibility and access. First time on the market plus great returns makes this a valuable investment or redevelopment opportunity. Family owned for 62 years now ready for new ownership and development. Te Puke is growing rapidly with the kiwifruit industry, location close to Papamoa, Mount and Tauranga plus the expansion in residential housing etc. Bonus two titles.

To view documents in relation to this property please visit: http://www.propertyfiles.co.nz/property/TV53951

A Seismic report was completed on 20 November 2018. The report shows a current rating of 10% NBS (1L2). Western Bay District Council advises that they are not actively checking buildings and in Te Puke owners have 25 years to upgrade the buildings. Additional information available from Agent on request.
Property Information
  • Approx Floor Area: 2752 sqm
  • Land Size: 2752 sqm
  • Tenure: Fee Simple
  • Property Type: Retail, Tenanted Investment
  • Tenancy: Additional Details: Light Fittings
  • Tenancy 1: Commencement Date: 01 August 2017, Expiry Date: 31 July 2026, Rental net/gross p.a.: $35,000 +GST, Review Dates: 1st August 2020 then 2 yearly, Rights of Renewal: 2 further options of 3 years, Tenant Name: Aberdeen House (Christmas Shop), Term (years): 3 Years
  • Tenancy 2: Commencement Date: 01 December 2013, Expiry Date: 30 November 2025, Rental net/gross p.a.: 33,830 +GST, Review Dates: 2 yearly, Rights of Renewal: 2 further terms of 4 years, Tenant Name: Te Puke Service Centre Ltd, Term (years): 4 Years
  • Tenancy 3: Commencement Date: 01 December 2016, Expiry Date: 30 November 2022, Rental net/gross p.a.: 39,332 +GST including $4000.00 Improvement Rent, Review Dates: 2 yearly, Rights of Renewal: 1 of 3 years, Tenant Name: JA Russell Ltd, Term (years): 3 Years
Property Documents
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