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: Approximately 2,300m²
3. Storage Shed: 195m²
4. Café Space:
- Interior: 103m²
- Dining Deck: 54m²
- Additional Outdoor Dining Area 48m²
5. Hair Salon: 157m²
6. Staff Amenities: 98m² including public toilets.
This exceptional property boasts incredible street exposure, abundant on-site parking, and straightforward access to all major arterial routes, ensuring maximum visibility and convenience.
Empower your investment portfolio with a robust, award-winning tenant in one of Rotorua’s most sought-after commercial locales.
Don’t miss this chance to capitalize on a prosperous and sustainable income stream with double digit returns, contact David or Rebecca today.
