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
