Home/Our Collectives/198 Totara Street, Mount Maunganui

Downer

198 Totara Street | Mount Maunganui

Purchase Price

$7,750,000

Commencing Rent

$317,080

Lease Term

9 Years

Acquisition Date

2021

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Classic Collectives Limited has strategically secured two high-quality industrial properties in Tauranga, offering investors the opportunity to access and own shares in quality industrial assets. This property forms a large industrial site located to the Eastern Side of Totara Street, near the Tauranga Port, New Zealand’s largest port. The property is tenanted by Downer and used as a bitumen depot. The landlords’ improvements include bitumen sealed yard, with security fencing and electric gating. The balance of the improvements are owned by the tenant, but additional landlord improvements are planned. The property interest is freehold.

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