Situated on a high-profile corner site, this freehold land spans an impressive 926sqm, offering a wealth of opportunities for discerning investors. Boasting a net rent of $72,000 per annum, exclusive of GST and outgoings, this investment gem presents a lucrative prospect for those seeking a stable and rewarding return.
The property's current tenant, securely anchored by a six-year lease that commenced in December 2020. This long-term commitment ensures a steady income stream, making this an enticing proposition for astute investors looking to secure a reliable and hassle-free investment in the bustling heart of Rotorua.
Beyond its financial appeal, this property also boasts a strategic location that promises both visibility and convenience. The high traffic flow in the area offers unmatched exposure for businesses, making it an ideal setting for retail, commercial, or mixed-use ventures. With its versatile zoning and substantial land size, the possibilities are as vast as the potential rewards this property presents.
In summary, 72 Old Taupo Road stands as a compelling investment opportunity for those seeking a solid addition to their portfolio. Don't miss out on the chance to own a piece of real estate in Rotorua - seize this opportunity today and reap the rewards for years to come. Contact us now to arrange a viewing and secure this property before it's too late.
Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.
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