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.

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Main Property Features

Listing Number: RT0090706

Approx Floor Area:
596 sqm
Land Size:
458 sqm
Property Type:
Retail
Approx Floor Area
  • Retail Square Metres: 596
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Harcourts Rotorua

ETB Realty Ltd

Licensed REAA 2008

1198 Whakaue Street
Rotorua
Office website or View office details

Property Location