236 Te Ngae Road and 5 Hamiora Place, Ngapuna, Ngapuna, Rotorua

Long lease in a prime location

- Main Road tenanted investment - In excess of 37,000 cars passing per day\n- Long term and secure income streams\n- Freehold corner site of 4,721sqm with plenty of off street parking\nTelfer Marine is the only boat yard for sales and servicing on the Eastern side of Rotorua; conveniently located by the Tarawera Road roundabout for easy access to the beautiful lakes that the Rotorua region has to offer and is on State Highway 30, north to Tauranga Port and Whakatane and south to Taupo. Boasting a 10 year lease to Trac Limited, trading as Telfer Marine, a long standing and well established business at this location, returns an annual rental of $108,000 plus GST. A second rental stream comes from the 19 storage sheds which complement the adjacent Telfer Marine operation - where tenants have 24hr security and access, this returns a further $63,440 plus GST per annum. This property provides location, location, location and security of tenure.\n*Land and buildings only \nCall Bayleys today to arrange a viewing.