Prime site on Tauranga’s golden mile

A substantial Tauranga commercial property is for sale with vacant possession, offering enticing possibilities to occupy, add value or develop on a busy stretch of Tauranga’s ‘Golden Mile’.

The high-profile building sits with excellent street presence on the city’s main arterial, Cameron Road. It currently offers over 1,000 square metres of office space over two floors in a highly accessible location, with plenty of onsite parking for staff and visitors.

The property was previously leased for some 15 years to the former Bay of Plenty District Health Board, which has recently vacated.

Bayleys salespeople say it presents a compelling opportunity for owner-occupiers seeking a central footprint with scale, profile and convenience, as well as attractive options for add value investors to reposition or refurbish and reap the rewards.

“A flexible configuration offers the possibility for a new owner to occupy one floor and earn income by leasing out the other,” said Rory Brown of Bayleys Tauranga.

“Alternatively, add-value investors could look to unlock further possibilities through refurbishment, and capitalise on the growth and evolution of Tauranga’s commercial landscape and demand for quality commercial space with parking onsite.

“Being of a scale that scarcely comes to the market for sale, this freehold site will also pique the interest of developers seeking to fully capitalise on this standout location.

“With zoning providing for a building height of up to 27 metres, and a variety of uses, there’s significant potential for a larger building, subject to planning approvals,” Brown said.

The freehold land and buildings at 510 Cameron Road are being offered for sale through Brown and colleague Christy Arundel of Bayleys Tauranga

The property is set to go under the hammer at an auction on Wednesday 15 April, unless it is sold prior.

The building of some 1,003 square metres sits on an approximately 1,054-square-metre site which is part of the Commercial Business zone under the Tauranga City Plan.

The site incorporates onsite parking for 17 vehicles on-grade and further spaces in a secure covered carpark at the rear – a prized attribute for business occupiers in this central city location.

The ground floor encompasses a street-front lobby entrance, some 387 square metres of office accommodation, and the secure covered parking at the rear. A larger full-floor office upstairs spans some 615 square metres.

Each floor includes large open-plan floor areas with various meeting rooms and offices, along with dedicated bathroom and kitchen amenities, making them suitable as separate self-contained tenancies.

Arundel said the onsite parking sets the property apart from other commercial offerings on the market.

“This is reached directly from Cameron Road, or via a rear laneway connection to Tenth and Eleventh Avenues. Opening the way to handy alternative routes, this service lane enhances access and would be beneficial for any future redevelopment,” she said.

The nearby intersection of Cameron Road and Eleventh Avenue serves as a key ‘turnstile’ feeding traffic towards the city, motorways, and major suburbs.

Arundel said the site’s exceptional accessibility and strong street presence in a sought-after commercial precinct were key selling points.

“This is a standout position with prominent frontage to a busy stretch of Tauranga’s ‘Golden Mile’, with traffic counts exceeding 20,000 movements per day. The site for sale sits amid a dynamic hub of commercial and professional activity, including offices, supermarkets, banks, shops and service providers,” Arundel said.