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Owhata

9/500 Te Ngae Road, Owhata, Rotorua

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240sqm Floor area

Asking Price NZ$629,000

You will be mad to miss this investment


• Annual rental $43,848 plus GST
• Three year lease with renewals to 2029
• 240sqm Freehold Unit Title
• ISA A grade rating, 80% New Build Standard
Constructed in the 1980s this 240sqm shop within a multi-unit complex with tenant The Mad Butcher has been established here since 2002. 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
Damien Keenan

Damien Keenan


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

Features

Estate


Stratum in Freehold

Location


Sitting in a shopping centre complex with plenty of common parking

Tenanted Investment


The tenant is currently on a three year lease with two further renewals to 2029