Site prime for redevelopment

Site prime for redevelopment

A prominent city block of land in Tauranga’s central business district has been placed on the market for sale, with the property cited as a potential spot for a hotel tower.

The property fronting Cameron Road and bordered by Harington Street, Durham Street and Hamilton Street sits directly opposite Tauranga Domain and currently sustains the Durham Motor Inn Tauranga, which has a management lease expiring in July this year.

The property is being marketed for sale by international tender through Bayleys Tauranga, with tenders closing on April 5.

‘There are the options of developing an apartment block purely for owner/occupier residency, the establishment of an apartment-style hotel tower with some owner/occupancy of units and others leased back to a hotel management pool, or for the construction of a conventional four-five-star hotel, which could also include retail and office floor options in the designs,’ says Bayleys Tauranga salesperson Brendon Bradley.

‘Tauranga’s commercial property sector has been mooting city-fringe hotel sites for a number of years now, and the demand is still there for a nationally branded four to five-star hotel operator to set up in Tauranga.’