Over 12.5% Return


1280 Eruera Street, Rotorua Central, Rotorua

Asking Price NZD $185,000 + GST (if any)

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Over 12.5% Return | 1280 Eruera Street, Rotorua Central, Rotorua | 2846608 |      X Close
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Over 12.5% Return


Character central city property, with secure long ground lease, of 200sqm more or less currently leased to Chimney Indian Restaurant. Lease renewed this year with one further term of renewal of five years and currently returning $23,500 yield 12.7% nett per annum plus GST. Great location opposite Reading Cinemas and with added bonus of two bedroom accommodation at the rear. IEP rating at 75% of NBS. Secure, long ground lease in place. This property is leasehold.

Mark Slade

Rotorua

Licensed under the REA Act 2008

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1280 Eruera Street, Rotorua Central, Rotorua

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Mark Slade

Rotorua

Licensed under the REA Act 2008

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