• Two titles being sold together
• Large freehold land totalling 3,929sqm
• Storage complex with multiple tenancies on one title
• Single tenancy - Waiariki Film Studios on one title.
• Current total income of $233,688.98 plus GST per annum
A substantial landholding in a popular Rotorua Eastside Industrial location, White Street, the closest industrial pocket to the CBD. This freehold site comprises a total of 3,929sqm of land in two titles, with upwards of 3,206sqm of total building floor area. 74-76 White Street has been occupied by a single tenancy, Waiariki Film Studios, bringing in $112,460p.a. since 1 September 2020; and the adjacent property 78-80 White Street is developed into an easy to manage storage facility with 46 storage units, currently with an income of $121,228.98p.a. The storage complex could be extended through to the adjacent property in future if required. Well maintained and updated, this property is coming to the market after 19 years in the family for 78-80 White Street while 74-76 White Street was added to their portfolio in 2017.
