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Listing Description

Listed: Wed, 6 Mar

Get Your Calculators Out

1211 Hinemoa Street, Rotorua, Bay Of Plenty

Asking price $2,150,000

Details

  •   2290m² Floor
AttributeValue
Property use
Retail
Agency reference
1372038

Description

  • Two storey building located in CBD with a Grade A Seismic rating.
  • Freehold land of 1371 sqm, building of 2290 sqm (more or less) separated into unit titles.
  • Twelve dedicated carparks
  • Five individual tenants for split risk investment
  • No Body Corporate

For sale for the first time to the market since 1999, we are proud to offer this multi tenanted investment. Comprising of a 2,290 sqm (more or less) two storied building split into unit titles, on a 1,371sqm freehold section in the Centre of the CBD. Being fully tenanted this investment brings a net return of $150,950 plus GST per annum. Encompassing four separate ground floor retail and office tenancies and one further tenancy occupying the whole of the first floor. Complete with twelve dedicated carparks, the risk spread across this investment is minimised. The Seismic IEP report indicates a Grade A Seismic rating of 80% East/West and 100% North/South meaning there is no further seismic upgrade required and the bonus with these unit titles is that there is no Body Corporate. Contact David Schmidt for an information pack and an appointment to view.


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Agent's details

Enquire about the property

One Agency Property Team, (Licensed: REAA 2008)

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