Rotorua
1266 Tutanekai Street, Rotorua, Rotorua
Asking Price NZ$2,950,000 + GST
(if any)
Consistent multinational tenant - 8.5% Return
• Anchor tenant has secure four year lease term from December 2023
• Tenants are Kathmandu Limited and Fix coffee kiosk
• High net income of approximately $253,000 per annum
• Good seismic rating to 68% of NBS
Don't miss this rare opportunity to own a retail property with a secure tenant lease and high rental income. The fully occupied, freehold unit titled 835.4sqm has recently had a full remodel on the premise fit out by tenant, Kathmandu Limited, a reputable NZX 50 multinational company.
With an annual net income of approximately $253,000, and strong seismic rating of 68% giving owners peace of mind, this property is a prime investment opportunity. Located in a popular retail hub with A grade tenants surrounding the area, including Pascoes, Macpac, Stirling Sports, and incorporating Fix coffee kiosk that makes it a social hub for shoppers. Rear access lane with roller door access is a bonus, with its outstanding main street central location next to "Te Manawa" the heart of the city.
Contact us now to secure this lucrative investment opportunity!
Brei King
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Mark Slade
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Damien Keenan
Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Lease term
Anchor tenant has secure four year lease term from December 2023
Rent review
High net income of approximately $252,000 per annum
Seismic (NBS rating)
Good seismic rating to 68% of NBS
Location
Located in a popular retail hub with A grade tenants surrounding the area, including Pascoe and Macpac
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