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ID#569208
51 Riri Street,
Mangakakahi
Rotorua
Auction
1,144m²
(12,313.9 sq.ft.)
2,473m²
(26,619.12 sq.ft.)
proudly marketed by
Mark Slade
Rotorua, Success Realty MREINZ
Invest and rest -Passive investment opportunity
Invest in an outstanding passive investment opportunity that allows you to invest and rest. 51 Riri Street offers 65 storage units of various sizes, providing convenient storage solutions for businesses and individuals alike. With 34 external units and 31 internal units, clients have options to suit.
Located in Rotorua's western industrial area, this property is strategically positioned just off the main arterial route north. This means easy accessibility for clients and great exposure for your investment. Moreover, the 24-hour access ensures that clients can conveniently access their stored items whenever they need to.
The strong consistent occupancy rates of this property guarantee a stable and reliable income. With a return of $135,000 per annum, you can enjoy the benefits of passive investment while only dedicating 5 hours a week towards managing the property. This means you can have peace of mind while still reaping the financial rewards.
Spanning over 2475 square meters of freehold land, this industrial property offers ample space for storage and potential future expansion. The total building area of 1144 square meters ensures that there is plenty of room to accommodate a wide range of storage needs.
Don't miss out on this opportunity to secure your financial future. Invest in this industrial property today and enjoy the benefits of a passive investment that guarantees strong returns. Contact us now for more information and to arrange a viewing.
Agent
Mark Slade
Rotorua, Success Realty MREINZ
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
Mark originated from Timaru, where his family has a tradition in the Real Estate Industry.
Before moving to Rotorua in 1993, Mark completed a Bachelor of Commerce Degree, majoring in valuation and property management at Lincoln University and after the required experience gained the title MREINZ. Mark went on to managing and owning, in conjunction with business partners, several Real Estate sales companies. "Bayleys" being the dominant brand.
Together with his wife Denise and their two sons, they own several investment properties and their family enjoys many leisure activities that Rotorua has to offer, including fishing, mountain biking and boating. Mark is further involved with the community, as a committee member of the "Rotorua Property Investors Association" and the local "Mid Island Gymnastics Association"
Commercial and Industrial has been Mark''s passion since his move to Rotorua, and more recently his knowledge and experience has extended into the sale of Motels, Holiday Parks and a variety of business transactions.
Mark is committed to his clients and is always enthusiastic and driven by the thrill of helping people achieve their Real Estate goals!
read moreThis property was photographed by
Jodie Williams
Central North Island
ID#569208
51 Riri Street,
Mangakakahi
Rotorua
Auction
proudly marketed by
Mark Slade
Rotorua, Success Realty MREINZ