Popular Pukuatua - Tenanted investment


1129-1133 Pukuatua Street, Rotorua Central, Rotorua

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Popular Pukuatua - Tenanted investment | 1129-1133 Pukuatua Street, Rotorua Central, Rotorua | 2304403 |      X Close
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Popular Pukuatua - Tenanted investment


- Net income of $59,063 plus GST per annum

- Freehold land area of 720sqm and building of approx. 541sqm

- Two long standing and well known local businesses as tenants

- 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 service retail tenancies which have been occupied by the current tenants over the past ten 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. 185.7sqm 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 the options of ample metered carparking out on the street front, as well as 15 minute carparks down the street.

Investors, make the most of this split risk opportunity and make an appointment to view today.

1129-1133 Pukuatua Street, Rotorua Central, Rotorua

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