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Owhata

9/500 Te Ngae Road, Owhata, Rotorua

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240sqm Floor area

Asking Price NZ$550,000 + GST

 (if any)

You'll be mad to miss this investment


• Annual rental $40,000 plus GST
• Three year lease with renewals to 2029
• 240sqm Freehold Unit Title
• ISA 'A' grade rating, 80% New Build Standard

Constructed in the 1980's this 240sqm* shop within a multi-unit complex with tenant "The Mad Butcher" has been established here since 2002. Located alongside a great selection of complementary neighbouring tenants including Fruit Monster, a laundromat, Lotto Four Square, fish and chip shop and other convenience retailers. The Te Ngae Shopping Centre caters to the eastern suburbs of Rotorua, is on the main arterial route to the Port of Tauranga, the Eastern Bay of Plenty and South to Taupo, Eastern Rotorua is showing positive signs of growth with Motion Entertainment at Lynmore Junction and Texas Chicken recently opening on this side of town.

Mark Slade

Mark Slade


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Brei King

Brei King


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Lease term


Three year lease with renewals to 2029

NBS


80%

Rental income


$40,000 + GST and outgoings per annum