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Listed about 6 years ago

ID#432418

CBD

Rotorua City
Auction
9
4
350
(3,767.37 sq.ft.)
1,169
(12,583 sq.ft.)

Five Investment Units - First time on Market for 26 Years

• Five units comprising 4 x 2 bedroom units and 1 x 1 bedroom unit.
• One car park per unit.
• Two cross lease fee simple titles comprising a total land area of 1,169m²

Conveniently located to Rotorua's CBD, supermarkets, schooling and bus stops are these five tidy units situated on two cross lease fee simple titles comprising a total land area of 1,169m².
The front two units; consisting of a one-bedroom unit and a two-bedroom unit, were built in circa 1930's with the current owners completing significant upgrades and modernisation to keep them up to today's standards, including electrical rewiring, part insulation, paint throughout, heat pumps and re-roofing the property. The rear three two-bedroom units were built in the 1970's and are of brick, tile and aluminium construction, and also have been looked after with pride by the vendors, with all having been re plumbed, insulated and with heat pumps installed in each unit. Units three and four have been recently repainted throughout the interior.
Every unit has space for a carpark out the front, with the five tenancies being a periodic agreement, returning $47,840 per annum gross. The property is fully tenanted with long term tenants making this their home, some have stayed for 13 years.

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Agents

Mark Slade

Rotorua, Success Realty MREINZ

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

Mark originated from Timaru, where his family has a tradition in the Real Estate Industry.

Before moving to Rotorua in 1993, Mark completed a Bachelor of Commerce Degree, majoring in valuation and property management at Lincoln University and after the required experience gained the title MREINZ. Mark went on to managing and owning, in conjunction with business partners, several Real Estate sales companies. "Bayleys" being the dominant brand.

Together with his wife Denise and their two sons, they own several investment properties and their family enjoys many leisure activities that Rotorua has to offer, including fishing, mountain biking and boating. Mark is further involved with the community, as a committee member of the "Rotorua Property Investors Association" and the local "Mid Island Gymnastics Association"

Commercial and Industrial has been Mark''s passion since his move to Rotorua, and more recently his knowledge and experience has extended into the sale of Motels, Holiday Parks and a variety of business transactions.

Mark is committed to his clients and is always enthusiastic and driven by the thrill of helping people achieve their Real Estate goals!

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Brei Gudsell

Rotorua, Success Realty MREINZ

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

As an agent representing one of the country's most dynamic real estate brands, you can rely on Brei Gudsell to deliver the utmost professionalism and dedication to achieve all of your commercial real estate needs. From your very first meeting to the final closing, Brei provides the best-in-class service to help you with your real estate transactions. Equipped with the finest tools and technology, and industry know-how, Brei will guide you through every step of the process.

Brei returned to Rotorua in early 2016 to pursue an interest in commercial real estate. She holds a business degree in financial economics and previously worked as a research analyst for Bayleys head office, Auckland. During her tenure as a commercial agent with Bayleys Rotorua, Brei has been involved in a diverse array of transactions. Her grasp for business has laid the foundation for her success. Brei prides herself on best of practice marketing techniques. Her core values are based on honesty, determination and diligence. She has strong interpersonal and problem solving skills.

My focus is on building and retaining client relationships.

Brei has the acumen that any business owner or client can appreciate when dealing with commercial
real estate. She successfully delivers value-added marketing, analytical data and strong negotiation skills that engender trust and achieve positive outcomes. Her real estate services are tailor-made and the data she compiles allows clients to make informed decisions.

Brei works with all aspects of commercial real estate and has a track record for closing deals from small business opportunities to multi-million dollar transactions.

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This property was photographed by

Deanna Onan

Media Specialist

Rotorua

ID#432418

CBD

Rotorua City
Auction
proudly marketed by
Mark Slade Brei Gudsell
Rotorua, Success Realty MREINZ
Mark
+64 27 498 8911
Brei
021 242 7344
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