Tauranga Retail Centre. 7% yield.
Asking price: $16.95 million.
Returning $1.18 million plus GST per annum - WALT 3.48 years.
International tenants account for 81% of the income.
Established retail destination - anchored by Pak’n Save, Mitre 10, Countdown and The Warehouse.
Tauranga and the Bay of Plenty’s only outlet shopping centre.
Surrounded by a rapidly growing residential catchment.