Split risk investment - Better than 10% returns
This prime corner property offers an exceptional investment opportunity in
the heart of Rotorua's bustling retail district. With five well-established
tenancies, the property generates $97,892 annually plus GST and
outgoings, making it a highly attractive proposition for investors seeking
stable returns and long-term potential.
The property features a 605 sqm floor area with 556 sqm net lettable area
(NLA), housing a mix of retail and service tenants, including well-known
brands such as anchor tenant TAB on second term of five 5) years. The
leases provide solid security with terms extending up to 5 years, and a
history of tenancy renewals ensures consistent rental income.
Zoned City Centre 1, this property benefits from significant foot traffic, and
its strategic position. The building's leasehold title was renewed for 21 years
from 2018.