EDUCATED INVESTMENT

320, Malfroy Road, Westbrook, Rotorua

Auction

Proposed Usage
Development Site
Floor Area
502.00 m²
Description:
Property ID
1btvz32

Asking price plus GST (if any).
Previously a block of five shops constructed in the 1980s as part of the shopping centre, later converted to three tenancies for a medical centre and pharmacy with owner occupier space and more recently renovated and leased in two parts as a private school/training facility and owner occupier dance and training studio at the rear of the building. The private school premises in the main frontage and body of the building comprises approximately 470.7sqm more or less, which has been leased for a two year term with rights of renewal of $45,000 plus GST per annum and 77% of the outgoings. The rear owner occupier space is approximately 153sqm more or less plus the use of a separate w/c facility and including parking/access. There is a large courtyard area in which you access all the separate areas from. 320 Malfroy Road, is in a good location, with good neighbouring tenancies such ask BSK Engineers, Challenge Service Station, Harvest Centre and the Rotorua Netball Courts. The IEP assessment therefore indicates an overall score of 95%NBS, corresponding to a 'Grade A+' building as defined by the New Zealand Society for Earthquake Engineering building grading scheme. Call today to arrange a viewing.

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Westbrook Area