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Rotorua Central

1280 Eruera Street, Rotorua Central, Rotorua Central, Rotorua

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200sqm Floor area
476sqm Land area SQM

Asking Price NZ$185,000 + GST

 (if any)

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

Mark Slade


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

Features

Area


200sqm more or less building on a 476sqm more or less site

Feature


Currently retunring $23,500 plus GST per annum

Tenure


Leasehold - secure, long ground lease