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Listed 5 months ago

ID#564708

Rotorua City

Rotorua
PBN
2,870
(30,892.39 sq.ft.)

Lessor's interest - the perfect passive investment

The ultimate passive investment - lessor's interest
Ground lessor's interest in 2,870sqm high-profile site on main thoroughfare
Ground rent income of $139,500 + GST p.a. with five-yearly reviews
Well-established lessee - Kiwi Fuels Limited trading as Waitomo
A unique opportunity to secure the lessor's interest in a high-profile position, surrounded by other national and international retailers. The property benefits from a recently commenced ground lease to Kiwi Fuels Limited trading as Waitomo, one of New Zealand's biggest independent fuel suppliers. The property returns $139,500 + GST with five-yearly rent reviews.

Underpinned by a 2,870sqm corner site landholding, the ground lease structure presents a perfect opportunity for passive investors and land bankers looking to secure a prime site with consistent hands-off income.

Passive investments of this quality seldom become available in the current market, so invest and relax!

Call now for further information;

Damien Bullick
022 420 6845

Mark Slade
027 498 8911

Alan Haydock
021 532 121

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Agents

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!

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Damien Bullick

Bayleys City MREINZ

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

This property was photographed by

Jodie Williams

Central North Island

ID#564708

Rotorua City

Rotorua
PBN
proudly marketed by
Mark Slade Damien Bullick
Rotorua, Success Realty MREINZ
Mark
+64 27 498 8911
Damien
+64 27 420 6845
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