FREEHOLD GOING CONCERN SELF-STORE FACILITY

51, Riri Street, Mangakakahi, Rotorua

$1,350,000

Proposed Usage
Industrial
Floor Area
1144.00 m²
Land Area
2475.00 m²
Description:
Property ID
1bt9q2y



Properties like this rarely come to the market. This modern storage facility with 65 units, was purpose built by the vendor, with his experience from managing other facilities. There is great cash flow, with the security of split tenancy, in  a Central Rotorua industrial location. Traditionally there have been high occupancy rates, with 97.5% occupancy over last twelve months and 95% on average. Ownership has been continuous, with records and onsite knowledge stretching back to 2004. The premises is secured by a Concept 3000 Security system, which includes individually monitored electronic entry, security and fire systems. The system is monitored 24/7 by Watchdog Security. The cherry on the cake  is the tidy, low-maintenance buildings and grounds. Call now, this property won’t be on the market for long!

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Mangakakahi Area