National Tenant - Bank on Rural
Located in the heart of Rotorua's thriving agricultural services sector, this outstanding commercial investment offers both a high-profile position and a secure long-term tenancy. The 5,855 sqm freehold site boasts a modern, purpose built 1,241.5 sqm building constructed in 2014. With the current lease extending until 31 December 2027 and rights of renewal taking it through to 2030. The property returns a solid $217,947pa plus GST and outgoings.
The location is surrounded by notable businesses such as Farmlands, PGG Wrightson, and ABC Milking Solutions. It is the BOP regional hub for Fonterra and Farm Source and the centre of activity for rural and agricultural services in Rotorua. Zoned Industrial Zone 1 (IDZ1), positioned to continue serving the agricultural support sector while offering a solid return for investors. With all outgoings covered by the tenant, this investment promises excellent long-term gains.
Don't miss this exceptional opportunity to secure a prime asset in one of Rotorua's key commercial precincts, benefiting from an established tenant and a sought-after location.
The location is surrounded by notable businesses such as Farmlands, PGG Wrightson, and ABC Milking Solutions. It is the BOP regional hub for Fonterra and Farm Source and the centre of activity for rural and agricultural services in Rotorua. Zoned Industrial Zone 1 (IDZ1), positioned to continue serving the agricultural support sector while offering a solid return for investors. With all outgoings covered by the tenant, this investment promises excellent long-term gains.
Don't miss this exceptional opportunity to secure a prime asset in one of Rotorua's key commercial precincts, benefiting from an established tenant and a sought-after location.
Key features
Land area breakdown
Prime freehold land of 5,855 sqm in Rotorua's agricultural support services hub
Lease
Modern 1,009 sqm building, built to 2014 standards, purpose build for Farm Source
Passing income
Strong annual net rental of $217,947 with secure lease terms in place until December 2030 (including renewals)
