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Dual Tenanted Land & Building Investment

1281 Hinemoa Street, Rotorua Central

Office Building
dollar

$1,520,000 Plus GST (if any)

Floor area
624m2
Land area
707m2
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Property details

Listing # RT0210602 | Listed on 13 April 2022

- Nett income of $80,700.00 plus GST

  • Long standing professional tenant of 23 years
  • Two storey building of 624 sqm
  • Seismic rating between 70-75% NBS
This investment ticks all of the boxes B grade seismic, two solid tenants with individual entrances, recently repainted, fire alarm and fire escape upgrades, new air conditioning, roof tile replacement plus five dedicated car parks to complete the picture.

The owner has priced to sell at a 5.3% nett yield with 100% of the operating expenses paid by the tenants.

Details including seismic report, LIM report and leases are available on request.

Viewing will be by appointment only contact David Schmidt or Paul Sanford today.

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