Dominating the high traffic corner of Fenton and Hinemoa Streets we have a fully tenanted asset ready to move into new ownership. Located in the heart of the Rotorua CBD, this location is primed for growth as Rotorua rebounds and continues to grow its tourism sector. The new High/District Court has been earmarked across Hinemoa Street which will increase demand for supporting businesses in this space as well.
Three tenancies produce a rental income of $224,776 per annum and are mixed between office, education, and dining. As an ex-bank, the interior fit out is to a high standard and a DSA has been completed showing a 75% NBS rating. All tenancies can be independently accessed from the front and rear of the building and the layout would suit additional development in the future. On site parking in the rear for tenants and generous on street parking for customers available on both Fenton and Hinemoa Streets.
Land Area: 1589m2
Floor Area: 1550m2
Net Rental: $224,776+gst
Fully leased at market rates
Private and on-street parking
75% NBS rating with supporting DSA
Features:
- Land area: 1,589m²
- Floor area: 1,550m² (approx.)
- Current net rental: $224,776 + GST
- Split risk 3 tenants
- Long lease terms
- 75% NBS rating
- Ample private parking
- Corner profile
More information: https://www.colliers.co.nz/p-NZL67034350
