An impressive business opportunity has presented itself, as a four-year-old multi-unit urban shopping centre has been placed on the market for sale in suburban Tauranga. The Ridge Plaza was constructed in 2015 and will go to auction on November 28th through Bayleys Tauranga.
Real estate representative for the retail hub Brendon Bradley has spoken positively about the investment opportunity, and the potential it holds for the new shareholder. “The broad diversity of non-competing business trading within Ridge Plaza combined with a long-term tenancy schedule, ensures this is an attractive split risk investment opportunity with solid growth potential,” remarks Bradley.
The single level complex holds a 100 per cent new building standards rating, includes 21 car parking spaces within the property and is fully tenanted. The six tenancies combine to an annual income of $155,575 plus GST per annum, and the retailers vary in services to form a well balanced and appealing suburban plaza for consumers.