Split risk investment - 7.5% Yield in Rotorua CBD
Don't miss out on this exceptional opportunity in the Rotorua commercial market. We are proud to present a rare offering of a large, high-quality office complex known as the Pukaki Centre. With a net income of approximately $470,962 +GST per annum, this property is a proven passive performer with the added bonus of a potential Vendor funding option for an approved purchaser.
The Pukaki Centre is a five-level purpose-built office building, centrally located and easily accessible with dual lifts. Built in 1989, it boasts a B grade Seismic rating of 70% to the new build standard. The building includes covered first-floor parking for eleven vehicles, as well as thirty uncovered open carparks on the western boundary.
Situated on two adjoining freehold titles, this prime property is in the heart of Rotorua's central business district, known for its office accommodation. It is professionally managed by Bayleys, ensuring a smooth and efficient investment experience.
The Pukaki Centre is home to reputable tenants, including government departments such as the Ministry of Education and Lakes District Health Board, as well as the esteemed Rotorua Crown Solicitors Gordon & Pilditch.
If you are a discerning investor seeking a superb split-risk investment asset, look no further. Do not hesitate to contact a member of our project team to arrange a viewing of this fantastic property. Seize this opportunity before it's gone!