Office with authority
-Superbly presented two-level office building with an A-Grade seismic
-Occupied by Oranga Tamariki - Ministry of Children on new 6-year lease
-Strategic City fringe Commercial zone
-Government tenant covenant provides an asset with security of tenure and built in rental growth for long-term hold
An outstanding passive investment opportunity in one of Tauranga's established commercial precincts. Situated on a generous 926sqm freehold site, this property features a 736sqm lettable floor area, recently transformed through an extensive 2020 renovation into a high-spec, modern office environment.
Now leased on a brand new 6-year term to a reputable government tenant Oranga Tamariki - Ministry for Children, the property delivers a secure net annual rental of $285,538 + GST & OPEX. The lease includes favourable terms, underpinning long-term value and peace of mind for investors.
The building's interior has been expertly reimagined with state-of-the-art design, boasting open-plan workspaces, themed breakout rooms, and premium finishes throughout"offering an environment that is both functional and visually impressive. It has been seismically strengthened to an A-grade NBS rating.
This is a rare chance to acquire a fully renovated, high-quality commercial asset with a strong covenant and reliable income stream in a sought-after location.
This property presents an exceptional hands-off investment, combining government-backed security with a premium commercial asset.