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Long-term income. Prime location.

PU 8, 352 Te Ngae Road, Lynmore

Investment Opportunities
gavel

Auction

Floor area
280m2
Title type
Unit Title
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Auction

Tuesday
2:00pm
Princes Gate Hotel, 1057 Arawa Street, Rotorua
08
Sep

Map

Property details

Listing # 2451770 | Listed on 5 August

•Two service tenants
•WALT of 7.8 years
•Built in 2017 | 100% NBS
•Built-in rental growth
Modern, well-located investments with secure long-term income are always in demand. This quality Lynmore Junction investment delivers exactly that, with two established service tenants, a strong lease profile and built-in rental growth already secured. Returning $77,618 + GST and outgoings per annum, the income increases to $80,904 from 1 March 2027 and $84,190 from 1 March 2028.
Lynmore Junction is an established neighbourhood commercial hub, home to successful businesses including Motion Entertainment, BP Lynmore Junction and Hunting & Fishing. Motion Entertainment attracts approximately 30,000 visitors each month, generating consistent activity throughout the centre. The laundromat is also ideally positioned to service the large number of Airbnb properties throughout Lynmore, with the internationally renowned Whakarewarewa Forest attracting visitors to the area year-round.
Discover the value for yourself and be ready for Auction day.

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