Bayofplentypropertyforsale

Top trade retail investment opportunity in a prime location on one of Rotorua's busiest arterial routes. Tile Warehouse, a national brand with a local tenant who have leased the property since 2017, have modernised and reconfigured the showroom and warehouse to suit their business. Their current lease has a final expiry in 2026 and they have indicated they would wish to discuss continuing their tenancy after that date, with the new owner. The property is very tidily presented with a spacious light showroom at the front and a large, well-organized warehouse to the rear, opening onto a sealed customer parking area and with many neighbouring high-profile trade retailers including Plumbing World , Hiflo Pumps, and Flooring Design. Original lease was signed in 2017 at $42,000 + GST net and the landlord hasn't implemented the 2-yearly CPI increases during the tenancy so there is room for upside - this one is well worth considering. Call Mark or Sean to view or for more information. Features: Tidy. well-presented property Lease offers room for upside Busy, trade-retail area Profile main road location $695,000 More information: https://www.colliers.co.nz/p-NZL67034529