First class investment - Multinational tenant
1266, Tutanekai Street, Rotorua, Rotorua
- Proposed Usage
- Development Site
- Floor Area
- 835.00 m²
- Property ID
Asking price plus GST (if any).
- Multi National, NZX 50 tenant Kathmandu has taken early right of renewal
- Good seismic rating to 68% of NBS
- Rental review coming up in 2019
- Outstanding main street location next to Te Manawa
- Rear access lane with high stud roller door
This property meets all the criteria for an outstanding retail investment, with prime location in the premium retail block of Tutanekai Street, surrounded by A grade tenants such as Hannahs, Pascoes, Macpac and Just Jeans. The fully occupied, freehold unit titled 835.4sqm building, will benefit from increased foot traffic following the upgraded Te Manawa city centre. The property has been comprehensively upgraded inside and out over the years, giving majority tenant Kathmandu and the new owner peace of mind that $220,161.55 plus GST is committed to for over six years. Conveniently primed to tempt passers by; Coffee Fix is paying $12,500 plus GST per annum, both tenants have further rights of renewal.
*Deadline Sale by Private Treaty, offers to be in by 4pm Friday 1 December 2017 (unless sold prior)*