Over 12.5% Return

1280, Eruera Street, Rotorua, Rotorua

$185,000

Proposed Usage
Retail
Floor Area
200.00 m²
Description:
Property ID
1bsvd9d

Asking price plus GST (if any).
Character central city property, with secure long ground lease, of 200sqm more or less currently leased to Chimney Indian Restaurant. Lease renewed this year with one further term of renewal of five years and currently returning $23,500 yield 12.7% nett per annum plus GST. Great location opposite Reading Cinemas and with added bonus of two bedroom accommodation at the rear. IEP rating at 75% of NBS. Secure, long ground lease in place. This property is leasehold.

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Rotorua Area