147 Sala Street, Fenton Park
Exceptional Opportunity - Double Digit Returns
Sold
Step into an unparalleled investment opportunity on Sala Street in Rotorua. This prime industrial-zoned property sprawls over approximately 1.6 hectares, presenting five versatile buildings for sale that are fully leased to the well-established Palmers Rotorua, one of the top Garden Centres in New Zealand and an iconic anchor tenant since 1970. Key Features: • Total buildings Income: $186,668 plus GST p.a. (net). • Floor Area: Approximately 1,255m² over 5 buildings plus huge covered areas. • Land Area: 1.6776 hectares (more or less). This property ensures a steady cash flow from day one, with a lease in effect until 2038. Palmers Rotorua covers all operating expenses, including the perpetual land lease to the Rotorua Lakes Council. The site includes an exceptionally busy Cafe and separate Hair Salon Property Breakdown: 1. Retail Store: 600m² 2. Covered Outdoor Area...
Price Contact Salesperson
Contact David Schmidt (02) 7600 0139
[email protected]
Rebecca Baldwin (02) 1100 5326
[email protected]
Office One Agency Property Team
PO Box 12091, Rotorua South, 3010, New Zealand
(02) 7600 0139