78-80 Tallyho Street and 77 Riri Street, Mangakakahi, Rotorua

Versatile industrial property with potential

This substantial industrial property located at 78-80 Tallyho Street and 77 Riri Street, Rotorua, offers a unique opportunity for investors or owner-occupiers looking to acquire a diverse portfolio of multiple units. The site spans three freehold titles, giving you the option to purchase as a complete package or in smaller parcels.
The total property boasts a footprint of 2,155sqm, featuring 6 industrial units ranging from 84 sqm to 403 sqm, ensuring a variety of tenancy options.
A key tenant currently occupying five units (1,199sqm) has provided notice to vacate by 30th April 2025, which presents an exciting opportunity for future leasing, adding flexibility for new tenants or owner-occupiers.
In addition to the industrial units, there is an unimproved vacant section of 630 sqm at 77 Riri Street, offering future development potential or additional leasing opportunities. The property is zoned Industrial 1 (IND 1) and was constructed in the 1980s to around 68% of the new build standard, ensuring compliance while allowing room for future upgrades.
This is an excellent opportunity to secure a versatile and income-generating industrial asset in a strategic location.