Listing #:4139841
High Yielding Tenanted Investment
| Location: | 257 Fenton St, Rotorua, Bay Of Plenty |
|---|---|
| Rooms: | 6 or more bedrooms, 6 or more bathrooms |
| Property type: | House |
| Land area: | 809m2 |
| Price: | Asking price $950,000 |
| Parking: | 15 Car Off Street Parking |
| Open home times: |
No times scheduled |
Located conveniently in the heart of Rotorua City, only a few minutes' walk to the main Visitor Information and Transport Centers, Rotorua's finest cafes, restaurants and bars, Pak'n'Save, McDonalds. A few extra minutes you are at the Lakefront, Government Gardens, the Museum, or Polynesian Pools, the golf course, Whakarewarewa.
The property offers 8 rooms with 3 bedrooms manager accommodation and registered geothermal bore.
The majority of units are one or two bedroom with kitchen, bathroom, outdoor parking, sharing laundry, outdoor thermal pool, most of them are occupied by long term tenants, total returns over $120,000 per annual, the yielding rate is 12.6%!
The current owner still keeps all the motel consents valid.
Option is available for investor or business purchaser or retirement purpose or even immigration. It is right time to take advantage of the prime positioning for a multitude of future uses.
As a result the land, buildings and businesses are being offered for sale together by going concern.
The confidential information package which is including LIM Report & Valuation Report & Title & Tenancy agreements all available by request.
Agency reference #: 479137
The property offers 8 rooms with 3 bedrooms manager accommodation and registered geothermal bore.
The majority of units are one or two bedroom with kitchen, bathroom, outdoor parking, sharing laundry, outdoor thermal pool, most of them are occupied by long term tenants, total returns over $120,000 per annual, the yielding rate is 12.6%!
The current owner still keeps all the motel consents valid.
Option is available for investor or business purchaser or retirement purpose or even immigration. It is right time to take advantage of the prime positioning for a multitude of future uses.
As a result the land, buildings and businesses are being offered for sale together by going concern.
The confidential information package which is including LIM Report & Valuation Report & Title & Tenancy agreements all available by request.
Agency reference #: 479137
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Rateable value (RV) information
The rateable value (RV) of a property is the value set by councils and local authorities for the purpose of charging rates. We display the most recent RV information we’ve received. The RV is not necessarily representative of the market value of the property.
The rateable value (RV) of a property is the value set by councils and local authorities for the purpose of charging rates. We display the most recent RV information we’ve received. The RV is not necessarily representative of the market value of the property.
While we've done our best to correctly map schools in this location, school zone information may not be exact,
so please double check with the school. Read our Maps in Property help page for further information.
so please double check with the school. Read our Maps in Property help page for further information.
Asking price: $950,000
257 Fenton St, Rotorua, Rotorua, Bay Of Plenty
6+
6+
6+
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While we've done our best to correctly list schools in this location, school zone information may not be exact,
so please double check with the school. Read our Maps in Property help page for further information.
Property buyer's checklist
Recent QV.co.nz sales information
- $ – 4D Lytton Street Glenholme Rotorua District
- $ – 36A Malfroy Road Victoria Rotorua District
- $ – 22C Carnot Street Glenholme Rotorua District
Asking price: $950,000
Listed: Thu 28 May, 3:28 pm
Andrew Ma
test, (Licensed: REAA 2008)
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Contact details
- (021) 827878
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Agent's details
Andrew Ma
test, (Licensed: REAA 2008)
- (021) 827878
Expires: Sat 31 May, 3:28 pm
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