Sold Property

Papamoa Bay of Plenty

  • 60 m2

$368,000

Terrific Retail Investment Starter Package

Unit 7/1086 Papamoa Beach Road, Papamoa
Commercial retail property
$380,000 Plus GST (if any)
Property Details
Here is a great opportunity to purchase this unit situated in a prime location close to the beach on busy Papamoa Beach Rd.
The unit is part of this purpose-built freehold Strata property situated in this tightly held and sought after Bay of Plenty beachside location.

- Well established tenant, the Caffeine bar, since 2014
- Nett lettable area approx. 60m2 with 2 covered carparks
- Net Income pa: Total $15,315/year (plus GST, Body Corp fees, Rates and utilities
- Final Expiry: 31 January 2027
- Zone: Commercial Retail
- Annual ratchet clause
- Seismic Grade A+Rating

To view documents in relation to this property, please visit:
https://www.naiharcourts.co.nz/Property/966508/TG57184/7-1086-Papamoa-Beach-Road#documents Property ID: #TG57184

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Sold Date

  • 10 March, 2022

Property features

  • Property Type: Retail
  • Retail Square Metres: 60
  • Carparks: 2
  • Covered Carparks: 2
  • Property Details: Tenanted Investment
  • Zone: Commercial
  • Tenure: Unit Title
  • More Details URL: https://www.naiharcourts.co.nz/Property/966508/TG57184/7-1086-Papamoa-Beach-Road#documents
  • Tenancy 1: Area Sqm: 60, Commencement Date: 17 June 2014, Expiry Date: 16 June 2023, Rental net/gross p.a.: 15, 315 + GST and 100% outgoings, Tenant Name: The Caffeine Bar Ltd, Term (years): 3
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Outgoings

  • Body corp fee $: 1285.79

Office

Harcourts Tauranga Central

Repayment Calculator

Est. bond $1920
  • 60 m2

Sold Property

Papamoa Bay of Plenty

$368,000

Terrific Retail Investment Starter Package

Unit 7/1086 Papamoa Beach Road, Papamoa
Commercial retail property
$380,000 Plus GST (if any)
Property Details
Here is a great opportunity to purchase this unit situated in a prime location close to the beach on busy Papamoa Beach Rd.
The unit is part of this purpose-built freehold Strata property situated in this tightly held and sought after Bay of Plenty beachside location.

- Well established tenant, the Caffeine bar, since 2014
- Nett lettable area approx. 60m2 with 2 covered carparks
- Net Income pa: Total $15,315/year (plus GST, Body Corp fees, Rates and utilities
- Final Expiry: 31 January 2027
- Zone: Commercial Retail
- Annual ratchet clause
- Seismic Grade A+Rating

To view documents in relation to this property, please visit:
https://www.naiharcourts.co.nz/Property/966508/TG57184/7-1086-Papamoa-Beach-Road#documents Property ID: #TG57184

Property Features

  • Property Type: Retail
  • Retail Square Metres: 60
  • Carparks: 2
  • Covered Carparks: 2
  • Property Details: Tenanted Investment
  • Zone: Commercial
  • Tenure: Unit Title
  • More Details URL: https://www.naiharcourts.co.nz/Property/966508/TG57184/7-1086-Papamoa-Beach-Road#documents
  • Tenancy 1: Area Sqm: 60, Commencement Date: 17 June 2014, Expiry Date: 16 June 2023, Rental net/gross p.a.: 15, 315 + GST and 100% outgoings, Tenant Name: The Caffeine Bar Ltd, Term (years): 3
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Outgoings

  • Body corp fee $: 1285.79

Sold Date

  • 10 March, 2022

Ken Walter Harcourts Tauranga Central

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Harcourts Tauranga Central

Office Harcourts Tauranga Central

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