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.