1251 Fenton Street, Rotorua Central, Rotorua

Strategic corner location - Rare find

- Returning a net income of $202,016.99 pa + GST
- Building of 1,520sqm comprising retail and office space
A fantastic opportunity to own this distinctive building housing a strong international tenant. Located on the corner of the main thoroughfare to the CBD, Fenton Street, this 1,589sqm freehold site comprising of 1,520sqm of building stands proudly attracting the eye of all passers-by. On street parking for clients is easy with ample spaces on both streets, and sufficient for staff at the rear of the building. The majority of the building is occupied by ANZ, where the ground floor mix of retail and office is 1,107sqm, with a further 276.97sqm of first floor office space and staff facilities, paying $188,488 + GST net. Electric Bikes currently lease 142.53sqm of retail space on the Fenton Street side, with a lease of $16,500 p.a. gross expiring on 31 July 2019.