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: The building serves as PMG Funds' head office in Tauranga
  • Long-term investment: Market cap rate of 6.75% with stable cash flow
  • CBD location: Positioned in Tauranga’s fast-growing city centre
 PMG 46 Spring Street, Tauranga Commercial Rental Property Top View
 PMG 46 Spring Street, Tauranga Commercial Rental Property Aerial View
 PMG 46 Spring Street, Tauranga Commercial Rental Property Front View

Asset details

Asset Type
Office
Value
$10,850,000
Anchor Tenant
Sequal Lumber
Occupancy
63%
WALT
3.73
Tenants
8