Rotorua
1066 Hinemoa Street, Rotorua, Rotorua
Auction
(unless sold prior)
Fringe CBD with parking-development potential
This building with a lettable area of 1012sqm on a freehold City Centre Zone 1 title offers an opportunity for investment. The ground floor tenant currently generates an annual net income of $46,399.93 + GST and outgoings on a monthly tenancy basis.
The the first floor, with a vacant area of 534sqm, presents an opportunity for further development or leasing. Additionally, the presence of 12 on-site car parks adds to the property's appeal. Considering its proximity to key attractions such as the Rotorua Village green, the Rotorua lakefront, Rotorua's Eat Street, Polynesian Spa, and the Energy Event centre, this property holds significant potential for growth and profitability.
Mark Slade
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Damien Keenan
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Brei King
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Floor area details
Ground floor 478sqm (more or less) First floor 534sqm (more or less)
Parking
12 on-site car parks
Occupancy
Ground floor currently occupied on a monthly tenancy, with an opportunity to occupy the whole property or just the first floor
Zoning
Commercial zoned City Centre 1
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