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Listed about 1 month ago

ID#571282

1266 Tutanekai Street,

Rotorua City

Rotorua
Auction

Consistent multinational tenant

Anchor tenant has secure four year lease term from December 2023
Tenants are Kathmandu Limited and Fix coffee kiosk
High net income of approximately $252,000 per annum
Good seismic rating to 68% of NBS
Don't miss this rare opportunity to own a retail property with a secure tenant lease and high rental income. The fully occupied, freehold unit titled 835.4sqm has recently had a full remodel on the premise fit out by tenant, Kathmandu Limited, a reputable NZX 50 multinational company.

With an annual net income of approximately $252,000, and strong seismic rating of 68% giving owners peace of mind, this property is a prime investment opportunity. Located in a popular retail hub with A grade tenants surrounding the area, including Pascoes, Macpac, Stirling Sports, and incorporating Fix coffee kiosk that makes it a social hub for shoppers. Rear access lane with roller door access is a bonus, with its outstanding main street central location next to "Te Manawa" the heart of the city.

Contact us now to secure this lucrative investment opportunity!

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Agents

Brei Gudsell

Rotorua, Success Realty MREINZ

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

As an agent representing one of the country's most dynamic real estate brands, you can rely on Brei Gudsell to deliver the utmost professionalism and dedication to achieve all of your commercial real estate needs. From your very first meeting to the final closing, Brei provides the best-in-class service to help you with your real estate transactions. Equipped with the finest tools and technology, and industry know-how, Brei will guide you through every step of the process.

Brei returned to Rotorua in early 2016 to pursue an interest in commercial real estate. She holds a business degree in financial economics and previously worked as a research analyst for Bayleys head office, Auckland. During her tenure as a commercial agent with Bayleys Rotorua, Brei has been involved in a diverse array of transactions. Her grasp for business has laid the foundation for her success. Brei prides herself on best of practice marketing techniques. Her core values are based on honesty, determination and diligence. She has strong interpersonal and problem solving skills.

My focus is on building and retaining client relationships.

Brei has the acumen that any business owner or client can appreciate when dealing with commercial
real estate. She successfully delivers value-added marketing, analytical data and strong negotiation skills that engender trust and achieve positive outcomes. Her real estate services are tailor-made and the data she compiles allows clients to make informed decisions.

Brei works with all aspects of commercial real estate and has a track record for closing deals from small business opportunities to multi-million dollar transactions.

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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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ID#571282

1266 Tutanekai Street,

Rotorua City

Rotorua
Auction
proudly marketed by
Brei Gudsell Mark Slade
Rotorua, Success Realty MREINZ
Brei
021 242 7344
Mark
+64 27 498 8911
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