Tauranga
Pacific Property Fund Limited

Located in Tauranga’s city centre, 46 Spring Street is a well-positioned commercial and retail property that includes ground-floor retail tenancies and office tenancies on the first and second floors.

This freehold asset offers strong long-term value and growth potential, situated within 20 minutes from the Tauranga airport, major shopping centres and the port.

  • Government-backed tenancy: Leased to Tauranga City Council, with the Tauranga City Library as an anchor tenant
  • Long-term investment: Market cap rate of 6.75% with stable cash flow
  • CBD location: Positioned in Tauranga’s fast-growing city centre
  • Sustainability features: Solar

Asset details

Asset Type
Office
Value
$11,700,000
Anchor Tenant
Tauranga City Council
Occupancy
100%
WALT
2.3 years
Tenants
11