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1211 Hinemoa Street, ROTORUA

Retail Property
dollar

$2,150,000 Plus GST (if any)

Floor area
2290m2
Land area
1371m2
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Property details

Listing # 5338962 | Listed on 6 March 2024
  • Two storey building located in CBD with a Grade A Seismic rating.
    - Freehold land of 1371 sqm, building of 2290 sqm (more or less) separated into unit titles.
    - Twelve dedicated carparks
    - Five individual tenants for split risk investment
    - No Body Corporate

    For sale for the first time to the market since 1999, we are proud to offer this multi tenanted investment. Comprising of a 2,290 sqm (more or less) two storied building split into unit titles, on a 1,371sqm freehold section in the Centre of the CBD.
    Being fully tenanted this investment brings a net return of $150,950 plus GST per annum. Encompassing four separate ground floor retail and office tenancies and one further tenancy occupying the whole of the first floor. Complete with twelve dedicated carparks, the risk spread across this investment is minimised. The Seismic IEP report indicates a Grade A Seismic rating of 80% East/West and 100% North/South meaning there is no further seismic upgrade required and the bonus with these unit titles is that there is no Body Corporate.
    Contact David Schmidt for an information pack and an appointment to view.
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