Landmark Tauranga commercial complex goes up for sale



Syndicated owners are selling
the landmark retail, office and cinema hub in Tauranga’s
CBD located at 21 Devonport Road. The complex offers a
total net lettable floor area of some 2,865 square metres on
2,523 square metres of freehold land.

Known as the
Goddards Centre, the property is a quality two-level
commercial complex spread over 30 tenancies, with prominent
frontages onto Tauranga’s two main retail streets,
Devonport Road and Grey Street.

It currently generates
annual passing rental income of $326,812 plus outgoings and
GST from leases covering 1,347 square metres, with the
opportunity to optimise and diversify the tenant mix by
filling a number of ground-floor vacancies. Appraised annual
net rental for the entire site is approximately
$700,000.

The property is now being marketed for sale by
tender closing on 20 November (unless sold prior) through
Bayleys Tauranga.

This presents a

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Established Tauranga Mineral Pool Complex For Sale As A Going-Concern


Fernland
Spa

For the first time in nearly 30
years, a popular Bay of Plenty business which taps into the
region’s unique underground natural geothermal water
resource, along with its associated land and buildings, is
on the market for sale.

Set on a 2.15ha native bush
clad site, Fernland Spa is a well-established recreational
operation offering a range of thermal mineral pools, picnic
and function areas, a small camping ground, additional
visitor accommodation and a manager’s dwelling.

The
freehold property lies on the eastern side of Cambridge Road
in the established Tauranga suburb of Bethlehem
Heights.

Having first opened to the public in the
mid-1970s, Fernland Spa has been in the same family
ownership since 1989. Its owners are now looking to move on
in a new direction after investing significant time and
money into the seven-day-a-week business and

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