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Rotorua Central, 1296 Hinemaru Street

Block of 11 Residential Units For Sale

$845,000 Incl GST

Listing Number: RT0090902
About this listing
- Six x Studio, Four x One Bedroom, One x Two Bedroom
- Over 11.5% gross yield on rental appraisal income
- 11 dedicated car parks
- Two separate titles, both on leasehold land
- Re-roofed five years ago with reflective insulation
With a current income of $118,716 from 11 tenants and estimated market rental of $134,160. This property represents a good return on investment. Located across the road from PAK'n SAVE and four minutes walk to the CBD and Rotorua Central Mall. This is a must to look at.

Current landlease renewed for 21 years in January 2018 (in perpetuity) and no land reviews until January 2025. Currently 100% occupancy, with high demand in Rotorua.

Contact Paul Sanford for further information.
Property Information
  • Approx Floor Area: 440 sqm
  • Land Size: 1078 sqm
  • Property Type: Other (Accommodation)
  • Property Details: Tenanted Investment

Contact Details

Harcourts Rotorua

ETB Realty Ltd

Licensed REAA 2008

1198 Whakaue Street
Office website

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