87 Fourth Avenue, Tauranga – CBD Industrial Unit Conversion

David Baker Commercial Property

A vacating tenant has provided the opportunity to convert this dated office into 2x very well located CBD industrial units. Leased prior to works commencing, we have pricing and have now commenced demolition. Building Consent is expected shortly to enable the contractors to complete the project. The new rental level at a reduced capitalisation rate has provided a good development margin to justify the works. We are keen to see this transformation progress over the next three months.