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Listing Description

Listed: Wed, 6 Mar

8% Return On Investment

1174 Amohia Street, Rotorua, Bay Of Plenty

Asking price $1,350,000

Details

  •   353m² Floor
AttributeValue
Property use
Office
Agency reference
RT240202

Description

  • Two storey building located close to Hospital, District Court and Lake front
  • Freehold land of 287 sqm, building of 353 sqm (more or less)
  • Two dedicated car parks
  • Long term current tenant

For the first time to the market, we are fortunate to present this stand-alone property with a strong existing tenant. Comprising of a 353 sqm (more or less) building, on a 287 sqm freehold section with high visibility on the CBD fringe. Current rental income from the existing accountancy tenant is $108,000 plus GST. This tenant has an initial term of three years (starting 1st December 2023) and three rights of renewal of three years each. The tenant pays 100% of the operating expenses and the building has an IEP result of 80% NBS, rating it Seismic Grade A. The building itself consists of eight closed offices plus two open plan offices, a board room, two meeting rooms, two kitchens, amenities both upstairs and downstairs, a reception, a communications room and plenty of storage. It is well airconditioned and alarmed. This will make a great tenanted investment and addition to a portfolio. Contact David Schmidt for more information and an appointment to view.


Map




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Agent's details

Enquire about the property

One Agency Property Team, (Licensed: REAA 2008)

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