142 Spring Street Tauranga, Tauranga City

An excellent opportunity to secure an established commercial office property in a highly convenient city-fringe location close to Tauranga CBD.

Currently returning $45,000 + GST per annum, the property is leased through to March 1 2027, with right of renewal for one year, with very satisfied tenants.

Originally residential, the property has had lawfully established commercial office use since 2003, providing purchasers with the benefit of a long-standing consented office history in an increasingly tightly held central location. Council planning records recognise its established office use and suitability due to its proximity to the CBD.

Property highlights:

• Approxmately 140m2, plus a 9m2 shed, and garage space approximately 25m2
• Professional offices and flexible work areas
• Staff kitchen and bathroom facilities
• Five consented onsite car parks
• $45,000 + GST annual rental income
• Lease through to 1 March 2027
• Lawfully established commercial office use since 2003
• Excellent accessibility and profile to Tauranga CBD

The property's planning history has evolved from its original software-development office consent to allow general office use, and currently dental technicians, adding flexibility for professional occupiers.

For investors and longer-term thinkers, Tauranga's evolving Plan Change 33 higher-density framework adds another dimension, with potential future redevelopment or land-banking opportunities, subject to Council requirements, resource consent and purchaser due diligence.

A compelling investment combining established income, substantial usable space, parking, commercial history, CBD proximity and future potential.