रसोईघर
• Prime corner location in Rotorua’s central business district
• Expect returns better than 10%
• $97,892 annual income plus GST & outgoings across five tenancies
Located at 1284-1290 Tutanekai Street, this prime corner property offers an exceptional investment opportunity in the heart of Rotorua’s bustling retail district. With five well-established tenancies, the property generates approx. $98,000 annually plus GST and outgoings, making it a highly attractive proposition for investors seeking stable returns and long-term potential.
The property features a 605 sqm floor area with 556 sqm net lettable area (NLA), housing a mix of retail and service tenants, including well-known brands such as anchor tenant TAB on second term of five 5) years. The leases provide solid security with terms extending up to 5 years, and a history of tenancy renewals ensures consistent rental income.
Zoned City Centre 1, this property benefits from significant foot traffic, and its strategic position on the corner of Eruera and Tutanekai Streets offers exceptional visibility. The building’s leasehold title was renewed for 21 years from 2018.
For investors, this property represents a split-risk investment with established
tenants and the potential for future income growth. Enquire today to learn more
about this outstanding investment opportunity.