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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.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.86 km | 3 | 1 | 140m2 | Year 2024 Month 04 Day 11 | - | Council approved | |
0.01 km | 2 | 118m2 | Year 2024 Month 03 Day 20 | $855,000 | Council approved | |||
 | 0.13 km | 3 | 2 | 160m2 | Year 2024 Month 03 Day 05 | $475,000 | Council approved | |
 | 0.36 km | 3 | 104m2 | Year 2023 Month 12 Day 07 | $495,000 | Council approved | ||
0.76 km | 115m2 | Year 2023 Month 12 Day 04 | $800,000 | Council approved |