27A The Mall, Mount Maunganui

27A The Mall, Mount Maunganui, Bay of Plenty, 3116, NZ

Asset Description

JLL is proud to present to the market for sale 27A The Mall, Mount Maunganui – a premium development site in one of Tauranga’s most coveted locations, Mount Maunganui.

The asset comprises 11 residential units, predominantly secured under short to medium-term lease agreements, providing stable cash flow while offering significant future development upside. Strategically positioned on The Mall, the primary arterial route along Pilot Bay Beach, the property sits at the nexus of Mount Maunganui’s thriving tourism precinct.

Located at the base of Mount Maunganui, a key regional attraction, and fronting onto Pilot Bay Beach, the site benefits from consistent year-round foot traffic, enhancing its potential for both residential and hotel redevelopment.

The offering represents a rare opportunity to acquire a foothold in Mount Maunganui's dynamic real estate market. With its strategic location and substantial development potential, 27A The Mall is well positioned to leverage Tauranga's continued growth, its pivotal tole in New Zealand's economy and its status as a premier coastal destination.

27A The Mall is offered for sale by tender closing 4pm, 17th April 2025 (unless sold prior).

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Attributes

Land area gross

1,856 m²

NOI

THB 3,913,000

Zoning

High-Density Residential

Media

Investment Highlights

Investment Highlights:

• Tightly-held Site: The asset, held by the same family for over five decades, represents a rare offering in Mount Maunganui.

• Robust Tourism Fundamentals: Located at Mount Maunganui's base, a premier New Zealand beach destination the site offers investors exposure to a thriving tourism market.

• Situated within the 'Golden Triangle': The asset is strategically positioned within New Zealand's 'Golden Triangle' a tri-city region which encompasses 45% of New Zealand's population and 52% of national building consents.

• Various Redevelopment Pathways: The site's high-density residential zoning has led to two concept designs being conducted on the site for both hotel and residential use.