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1281 Eruera Street,
Rotorua City
Rotorua
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
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..
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