Diversified income with leasing upside
- Split risk across multiple tenancies
- Partial owner-occupier opportunity
- Strong income and value-add potential
This well-located commercial investment at 19 Jellicoe Street, Te Puke offers investors secure holding income combined with genuine value-add potential.
Comprising a two-level commercial building with a net lettable area of approximately 687sqm, the property is configured across four tenancies and positioned prominently at the eastern entrance to Te Puke's commercial precinct.
The property is currently returning $107,303 per annum + GST and outgoings from three established tenants, including Poutiri Trust Wellness, national operator Liquid Laundromat, and Tooth Fairy Dental. One vacant first floor tenancy presents immediate leasing upside, with flexible single or dual tenancy options.
Te Puke is a thriving provincial centre known as the kiwifruit capital of the world, servicing a substantial horticultural and rural catchment and benefiting from strong connectivity to Tauranga, Mount Maunganui, Whakatane and Rotorua.
This is an outstanding opportunity to secure an affordable, diversified commercial investment with future income growth potential.