Prime retail - recently earthquake strengthened
1226, Tutanekai Street, Rotorua, Rotorua
- Proposed Usage
- Floor Area
- 215.00 m²
- Property ID
Asking price plus GST (if any).
- Four tenancies to spread the risk
- Income of approximately $107,112 + GST net per annum
- Recently modernised and strengthened fitouts to above 67%
Four attractive smaller tenancies, ranging from approx. 45sqm up to 64sqm located in a busy block of the main shopping street in Rotorua. With the Post Office at one end and the recently revitalised city centre Te Manawa at the other end, tenancies of this size in this location will always be popular. This spot has been recorded as third highest in the recent pedestrian counts completed in the city, in addition to this, the Night Markets and Sunday Farmers Markets are held in the block attracting tourists and locals alike, with free 60 minute parking outside. The property brings in an income per annum of approx. $107,112 net + GST with a weighted average term of tenants 4.5 years, giving a discerning buyer comfort. It has been strengthened and modernised comprehensively to attract and hold the tenants; Flight Centre, Tokyo Sushi, and American Nail Bar, with new addition Sustain Salad and Juice bar.
Call today for more information.