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1284-1290 Tutanekai Street

Bay of Plenty
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1284-1290 Tutanekai Street Bay of Plenty
proudly marketed by
Rotorua, Success Realty MREINZ
Split risk investment - Better than 10% returns
This prime corner property offers an exceptional investment opportunity in the heart of Rotorua's bustling retail district. With five well-established tenancies, the property generates $97,892 annually plus GST and outgoings, making it a highly attractive proposition for investors seeking stable returns and long-term potential. The property features a 605 sqm floor area with 556 sqm net lettable area (NLA), housing a mix of retail and service tenants, including well-known brands such as anchor tenant TAB on second term of five 5) years. The leases provide solid security with terms extending up to 5 years, and a history of tenancy renewals ensures consistent rental income. Zoned City Centre 1, this property benefits from significant foot traffic, and its strategic position. The building's leasehold title was renewed for 21 years from 2018.
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Rotorua
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