This iconic building is 99% fully occupied. Located on a hugely busy Rotorua corner in the heart of the CBD.
• First time on the market for 50 years!
• Sale price reflects a 12% return on investment
• Leasehold Estate
• Land Area - 1012sqm more or less
• Total Floor Area - 1211sqm
• Mixed Building Age
• NBS - Less than 33%
• Established, strong & happy tenants
• Thousands of passing cars each day
• New Exterior Paint
• Opposite Waitomo Petrol, Spotlight and Rotorua's Skate Park
• Vendor Finance Available
• Rental Net Income approx $89,138.00 +GST p/a
• Ground Rent - 21 years in Perpetuity. New Rental set from 1st May 2021 at $39,000.00 +GST per annum
• Legal Description: Sec 6 Block XLII Town of Rotorua
• CV $958,000
• Land $445,000
• Tenancy Schedule and Outgoings Schedule Available
Call Nadia to inspect or discuss further
*Copy and paste the link below, click on the "Files" button under the property photos to request the property files.
https://www.professionals.co.nz/property-listing/1301-amohau-street-rotorua-central-rotorua-bay-of-plenty-l27064819?hsLang=en