1108 Pukaki Street is positioned on the corner of Fenton and Pukaki streets, Rotorua. The 809sqm (more or less) property has three sitting tenants, Cottage Flair located on the ground floor have a lease until October 2026, and two tenants on a monthly tenancy arrangement. The total combined rental income is $44,692.92 per annum (gross). The building owners have recently completed a detailed strengthening design, along with the associated Building and Resource Consents for the works. The 1,230sqm freehold building has the benefit of seven onsite covered car parks and is a great location by virtue of its close proximity to the Lakefront reserve and 'Eat Streat' - Rotorua's premier restaurant and bar corridor.
This area of Rotorua has undergone significant redevelopment. The area has a strong mix of professional and public service providers including the Rotorua Lakes Council. Adjacent to the subject property are two new multi-level office buildings; GHA - completed in 2015, and under construction a new build; housing Environment BOP and Morrison Kent lawyers.
Call Bayleys today for more information or to arrange a viewing.