18-22 Fifteenth Avenue, Tauranga Central A high-octane investment opportunity
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Available PropertyFiles:
- Information Memorandum.zip
- LIM Report.zip
- Lease documentation.zip
- Records of Title.zip
Property Description
18–22 Fifteenth Avenue, Tauranga presents a prime landholding of 2,015 sqm (more or less) across three freehold titles. The current tenant, Z Energy Limited, leases all three sites with an interest in the land and buildings through their lease term. A hands-off investment opportunity with a self-service fuel station ‘U Go’, a subsidiary of Z Energy Limited, occupying the site.All three landholdings benefit from high profile to Fifteenth Avenue, being a main thoroughfare linking Welcome Bay to Cameron Road and the rest of Tauranga. The sites are commercially zoned and have rear access via Burrows Street.
Z Energy renewed their lease from 6 December 2024, pushing their next renewal to 6 December 2028, with a further 6 renewals at 4 years each remaining on the current agreement. U Go is the current trading name for the tenant, being included in the Z Energy Limited network. The lease provides growth, with fixed rent reviews of 2.5% annually (other than market review dates) and market reviews every 4 years.
Key features:
• Quality national tenant with known trading history in New Zealand.
• Sizeable landholding with strong profile to Fifteenth Avenue arterial route.
• Comprising three freehold titles providing 2,015 sqm (more or less).
• Approximately 46.34 sqm frontage to Fifteenth Avenue.
• The lease incorporates built-in rental growth for a hands-off investment opportunity.
• Reputable tenant with multiple renewals remaining and final expiry of 2052.
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Contact James Hill
Bayleys Real Estate Ltd, South Auckland
Licensed under the REA Act 2008
021 599 529 james.hill@bayleys.co.nz All Listings
Building relationships is in James Hill’s blood – with decades spent honing the craft of building customer service through such industry sectors as insurance, time share apartments, exhibitions, and events.
James Hill brought his honed sales and leasing skills to Bayleys almost two decades ago joining the commercial and industrial division in 2006 - appreciating that building and managing client relationships would be the foundations for a long-term career starting in a city where reputation and credibility are everything.
Underpinning James Hill’s drive for delivering ultimate customer service are a set of fundamental business practices - including planning, meticulous time management, industry knowledge, wider appreciation of town planning and development dynamics, and dogged persistence.
“I’ve found that the more you put into developing business networks and growing a profile in the commercial property community, the more that comes out in terms of engineering successful sales and leases, not only throughout greater Auckland but around the country,” says James.
James’s commitment and tenacity to stick at the job until a successful outcome is achieved has certainly separated him from his competitors. In a tougher market and at times dealing with sensitive situations James ensures his clients are treated with the upmost respect and in a confidential manner. This is all backed by James continually being in the top 5–10% of all Bayleys agents across the county and #1 in the South Auckland office in 2023.
