Lot PU5 358 Te Ngae Road, Owhata, Rotorua

Passive investment with national tenant

Passive commercial investment leased to national gym operator Flex Fitness in the established Lynmore Junction commercial hub.
Modern 2017 construction with strong income and long-term tenant security, positioned in one of Rotorua's most recognised commercial developments.
•Secure tenant - Flex Fitness (national gym brand
•Net rental income: $113,679.59 + GST per annum
•Modern building constructed in 2017
•100% NBS seismic rating
•Established Lynmore Junction commercial hub
•Excellent exposure on Te Ngae Road
•Strong surrounding national brands and high customer traffic
•Asking price: $1,500,000 + GST (well below capital value)
Positioned within the popular Lynmore Junction development, this property presents a compelling opportunity to secure a modern commercial investment with reliable income from a well-established national fitness brand.
Flex Fitness operates a successful 24-hour gym from the premises, generating strong daily activity and consistent customer traffic. The lease is held by Active Action Limited, providing investors with dependable income and renewal rights extending the tenancy through to 2028, with further options beyond.
Constructed in 2017, the building offers the advantages of modern design and minimal maintenance, supported by a 100% NBS seismic rating, making it an appealing long-term hold for investors seeking security and simplicity.
The location continues to perform strongly as a destination commercial hub. Surrounding businesses include Hunting & Fishing, BP and Motion Entertainment - New Zealand's largest indoor activity centre - creating strong tenant synergy and steady visitor flow.
With an asking price of $1,500,000 + GST, the property is also positioned significantly below the most recent capital value of $1,960,000, providing attractive value for investors seeking a well-located income-producing asset.
This investment will particularly appeal to buyers looking to transition capital into a stable, hands-off commercial property with consistent returns and long-term tenant security.