236 Te Ngae Road
Ngapuna
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N/A
1554sqm
4721sqm
236 Te Ngae Road Ngapuna
Auction
Wednesday 8th August - 10.30am
Motion Entertainment, Conference Centre, 346 Te Ngae Road, Lynmore, Rotorua
proundy marketed by
Rotorua, Success Realty MREINZ
Long lease in a prime location
• Main Road tenanted investment - In excess of 37,000 cars passing per day • Long term and secure income streams • Freehold corner site of 4,721m² with plenty of off street parking Telfer Marine is the only boat yard for sales and servicing on the Eastern side of Rotorua; conveniently located by the Tarawera Road roundabout for easy access to the beautiful lakes that the Rotorua region has to offer and is on State Highway 30, north to Tauranga Port and Whakatane and south to Taupo. Boasting a 10 year lease to Trac Limited, trading as Telfer Marine, a long standing and well established business at this location, returns an annual rental of $108,000 plus GST net. A second rental stream comes from the 19 storage sheds which complement the adjacent Telfer Marine operation - where tenants have 24hr security and access, this returns a further $63,440 plus GST per annum gross. This property provides location, location, location and security of tenure. Call Bayleys today to arrange a viewing.
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Upload by Deanna Onan
Rotorua