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ID#602597
9 Gilltrap Street,
Mangakakahi
Rotorua
Auction
515m²
(5,543.41 sq.ft.)
809m²
(8,708 sq.ft.)
proudly marketed by
Mark Slade
Bayleys Rotorua Success Realty Ltd MREINZ
Prime light industrial opportunity
Positioned within Rotorua's tightly held Western Industrial precinct, 9 Gilltrap Street presents an outstanding opportunity to secure a quality, income-producing commercial asset in a proven location.
The property is fully leased to a well-established national electrical supply company, providing investors with a secure and reliable income stream. The tenant is currently in the second of two three-year terms, with a further right of renewal in place, extending the lease through to 2030. The property generates a strong annual net income of $67,672 + GST.
The building itself is functional and well presented, offering a practical mix of office, retail showroom and warehouse accommodation. Excellent street frontage enhances exposure and accessibility, further supporting long-term tenant appeal.
Industrial properties in this location are rarely brought to market, making this a compelling investment opportunity in one of Rotorua's most established commercial hubs.
Location
Agent
Mark Slade
Bayleys Rotorua Success Realty Ltd 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
Sam Matthews
Media Specialist
Central North Island
ID#602597
9 Gilltrap Street,
Mangakakahi
Rotorua
Auction
proudly marketed by
Mark Slade
Bayleys Rotorua Success Realty Ltd MREINZ