Split risk tenanted investment

1295-1252 Amohia Street and Eruera Street, Rotorua

Auction

Listing ID 2450905

Download

Image

Features

844sqm
floor area
1,012sqm
land area

Auction (unless sold prior)

Open in map

Add to calendar 06/14/2022 2:00:00 PM 06/14/2022 2:00:00 PM Pacific/Auckland Bayleys auction for 1295-1252 Amohia Street and Eruera Street, Rotorua http://www.bayleys.co.nz/2450905

Split risk tenanted investment

Agents:

MarkSlade
[email protected]
+64 27 498 8911

DamienKeenan
[email protected]
+64 21 397 919

Prince's Gate Hotel, 1057 Arawa Street, Rotorua Mark Slade [email protected] Damien Keenan [email protected] false MM/DD/YYYY 1440

Details

Benefit	Tenanted investment
Income	Annual rental $69,478.92 + GST pa
NBS rating	A grade, 80%% New Build Standard

Description

Split risk tenanted investment

- Net rent roll $69,478.92 + GST

A strategically located corner investment property with two key tenants and a car parking maintenance license agreement. The land provides drive around rear access with eleven (11) on site car parks (a definite advantage for future owner operators and tenants) The land is 1012sqm and secured by a 21 year perpetually renewable ground lease. The building has a ground floor footprint of 567.1sqm plus 276.9sqm of mezzanine office/storage, and was extensively strengthened to 80% NBS in 2021.