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Listed 27 days ago

ID#588998

1472-1478 Pukuatua Street,

Rotorua City

Rotorua
PBN

Seeking High Returns? Consider this

*Strong Rental Income - $113,558 per annum net (March 2025)
*Twelve Tenanted Flats - Mix of two bedroom, studio units, and a three bedroom.
*Recent Upgrades - New roof on single storey, heaters, extractor fans, brand new stoves in ten units.
*Secure Leasehold Investment - 21-year perpetual lease, fixed ground rent until 2029

A rare opportunity to secure a high-yielding leasehold residential investment in central Rotorua. Fully tenanted with a solid rental return or $113,558 net per annum, this substantial complex features a mix of nine two-bedroom, a three-bedroom, and two studio units, all meeting Healthy Homes Standards. The property benefits from long-term ownership, recent capital improvements, and a fixed ground lease of $47,150 per annum providing certainty for investors.

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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 Keenan

Rotorua, Success Realty MREINZ

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

This property was photographed by

Rebecca Lowe

Media Specialist

Rotorua

ID#588998

1472-1478 Pukuatua Street,

Rotorua City

Rotorua
PBN
proudly marketed by
Mark Slade Damien Keenan
Rotorua, Success Realty MREINZ
Mark
+64 27 498 8911
Damien
+6421397919
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