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ID#582922
40 Marguerita Street,
Fenton Park
Rotorua
Auction
1,009m²
(10,860.78 sq.ft.)
5,855m²
(63,022.63 sq.ft.)
Auction
proudly marketed by
National Tenant - Bank on Rural
Located in the heart of Rotorua's thriving agricultural services sector, this outstanding commercial investment offers both a high-profile position and a secure long-term tenancy. The 5,855 sqm freehold site boasts a modern, purpose built 1,241.5 sqm building constructed in 2014. With the current lease extending until 31 December 2027 and rights of renewal taking it through to 2030. The property returns a solid $217,947pa plus GST and outgoings.
The location is surrounded by notable businesses such as Farmlands, PGG Wrightson, and ABC Milking Solutions. It is the BOP regional hub for Fonterra and Farm Source and the centre of activity for rural and agricultural services in Rotorua. Zoned Industrial Zone 1 (IDZ1), positioned to continue serving the agricultural support sector while offering a solid return for investors. With all outgoings covered by the tenant, this investment promises excellent long-term gains.
Don't miss this exceptional opportunity to secure a prime asset in one of Rotorua's key commercial precincts, benefiting from an established tenant and a sought-after location.
Location
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!
read moreDamien Keenan
Rotorua, Success Realty MREINZ
Licensed Real Estate Salesperson (REAA 2008), Licensed Real Estate Agent (REA 2008), Member of the REINZ
This property was photographed by
Rebecca Lowe
Media Specialist
Rotorua
ID#582922
40 Marguerita Street,
Fenton Park
Rotorua
Auction
Auction
proudly marketed by