320 Malfroy Road, Westbrook, Westbrook, Rotorua

Educated Investment

Previously a block of five shops constructed in the 1980s as part of the shopping centre, later converted to three tenancies for a medical centre and pharmacy with owner occupier space and more recently renovated and leased in two parts as a private school/training facility and owner occupier dance and training studio at the rear of the building. The private school premises in the main frontage and body of the building comprises approximately 470.7sqm more or less, which has been leased for a two year term with rights of renewal of $45,000 plus GST per annum and 77% of the outgoings. The rear owner occupier space is approximately 153sqm more or less and is currently returning $15,000 plus GST, plus the use of a separate w/c facility and including parking/access. There is a large courtyard area in which you access all the separate areas from. 320 Malfroy Road, is in a good location, with good neighbouring tenancies such ask BSK Engineers, Challenge Service Station, Harvest Centre and the Rotorua Netball Courts.