Freehold Investment Property Currently Tenanted

SOLD - This listing was sold in August 2019
- Overseas owner / priced to sell
- Current tenant gross lease $45,000 plus GST
- Lease renewal and rent review 31/10/2020
- 596 m² retail and mezzanine space

Category commercial retail use and currently tenanted by Double Bucks retail outlet since 2014. The current rates are $5,202.00, plus GST, giving a yield of 8% without landlords insurance cost. Council file considers building not earthquake prone.

Overseas investor wants sold within the next month, so all genuine offers will be considered. Located in a block of three. Other tenants are furniture and engravers.

Contact Paul Sanford for further information.

Read More Read Less

Main Property Features

Listing Number: RT0090706

Approx Floor Area:
596 sqm
Land Size:
458 sqm
Property Type:
Approx Floor Area
  • Retail Square Metres: 596
Read More Read Less

Your enquiry has been sent. Thank you.

Harcourts Rotorua

ETB Realty Ltd

Licensed REAA 2008

1198 Whakaue Street
Office website or View office details

Property Location