Popular Pukuatua - Service Retail Tenanted Investment
- Net income of $59,063 plus GST per annum
- Freehold land area of 720sqm and building of approx. 541sqm
- Lease terms of 3 years and 2 years respectively
Busy and well utilised, Pukuatua Street in Rotorua is popular with locals for ease of parking, access and thoroughfare. Built in 1985, this attractive building is split into two tenancies which have been occupied by the current tenants for over eleven years. McClellands Visique Optometrist, occupying approx. 355sqm, renewed their lease in November 2017, paying $53,000 plus GST gross for a three year term. Bike Culture, occupying approx. 185.7m± have just signed a new lease for two years with rights of renewal paying $21,000 plus GST gross, increasing to $22,000 in twelve months' time. The building has rear roller door access, with the huge perk of including nine carparking spaces for staff. Clients and customers can visit with ease, having ample metered carparking out on the street front.