55 Golf Road

Mount Maunganui Bay of Plenty

187 m²

600 m²

House

Currently for sale - view listing

Overview

Commercial Investment with Growth Upside

A proven commercial investment opportunity in a tightly held Mount Maunganui location, offering diversified income, leasing upside, and long-term redevelopment potential. The Golf Road Business Centre currently generates a gross annual rental income of $87,378.90 plus GST, with further upside. After outgoings, the property returns a net income of $41,309.90 plus GST per annum. With two offices currently vacant, there is immediate value-add potential for an incoming investor through lease-up and rental growth. Positioned on a high-profile site within a growth precinct, the property has been professionally configured to cater to small businesses and sole traders, comprising nine individually air-conditioned office suites, four kitchenettes, shared amenities, boardroom facilities, and extensive network cabling throughout. The property has demonstrated consistently strong occupancy, supported by an established tenant base and ongoing demand for quality smaller-format office space within this tightly held commercial area. Investors will recognise the strategic long-term upside through leasing the remaining vacancies, future rental growth, land banking, or exploring redevelopment and alternative use potential, subject to council approval. A flexible commercial asset combining immediate cashflow with future growth potential in one of Mount Maunganui's most sought-after locations. To view the property files copy and paste this link - https://www.propertyfiles.co.nz/property/RX4928644