Sign up

Listed 14 days ago

ID#574753

1281 Eruera Street,

Rotorua City

Rotorua
Deadline Private Treaty
1,538
(16,554.88 sq.ft.)
1,566
(16,856.27 sq.ft.)
Thursday 29th Aug
12.00pm
proudly marketed by
Mark Rendell
Colliers Rotorua
Mark
+64 27 225 6275
Message Me

A high yielding blockbuster investment

Colliers are delighted to be able offer this impressive opportunity that should attract the attention of all serious investors - particularly those who are looking for a passive income, with the security of an international tenant.
1281 Eruera Street houses a large five-screen cinema complex (with a total capacity of 579) and has been servicing the movie-going public of Rotorua and surrounds, as well as its re-invigorated tourist/visitor market, for approximately 30 years. The property is ideally located on the central city fringe - giving easy access and ample street parking.
This premium package offers a solid annual estimated net return of $353,672 + GST, with attractive CPI and market rent reviews built into the new 10-year lease to Reading Rotorua Limited, an internationally owned US-based company which operates cinema complexes in 8 locations in New Zealand and 29 locations in Australia.

Features:

New 10 year lease
Internationally owned tenant
Estimated annual net return $353,672 + GST
Purpose built, well-established 5 cinema complex
More information: https://www.colliers.co.nz/p-NZL67029367

Ask a question about this property

Please leave this field blank:
NAME
EMAIL
MESSAGE

Agent

Mark Rendell

Colliers Rotorua

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

I am a qualified plumber who always had a real passion and drive for Real Estate.

In 2007 I made the decision to follow my heart and pursue my dreams, for the last several years I have been the leading commercial & Industrial property broker in Rotorua

I am absolutely passionate about what I sell. I have developed excellent relationships with my customers through applying my interpersonal skills and exceeding expectations by identifying and implementing customer-centric solutions.

Sales Management

Experienced in developing strategies to address my customer’s key requirements and concerns. I build confidence in my portfolio through applying my knowledge and experience to match my customers needs

Customer Focus

Adept at understanding issues from my customer’s perspective. I listen carefully to my customer and consider what is the best solution for them

Building Trust

Treat people with respect. I operate with integrity, ensuring that I always keep my promises and commitments within agreed timeframes.

Communication

Exceptional communication skills with which I am able to articulate ideas, rationales and points logically and succinctly to all stakeholders, customising the medium to the audience as required.

Commercial Acumen

I have established strong levels of commercial acumen throughout my career and have the ability to readily identify areas for business development.

I’m very excited about developing and expanding business with Colliers Rotorua International.

With my local knowledge and experience alongside Colliers’ extensive and specialised national networks, we will take Rotorua’s commercial property market activity to a new level..

read more

This property was photographed by

ID#574753

1281 Eruera Street,

Rotorua City

Rotorua
Deadline Private Treaty
Thursday 29th Aug
12.00pm
proudly marketed by
Mark Rendell
Colliers Rotorua
Mark
+64 27 225 6275
Message Me

Leave a message for Deanna Onan

Please leave this field blank:
I Would like to
NAME
EMAIL
YOUR AGENT'S NAME
PHONE
MESSAGE
SALE ORDER