This freehold motel investment is located in the thriving tourist destination of Rotorua. Ideally positioned on the corner of Malfroy Road and Ranolf Street it presents in excellent condition and with a long term lease in place it makes a great investment opportunity for the astute investor.
Key details:
* Freehold Motel Investment
* Freehold Land Area: 1,846m² (496m² + 1,351m²)
* Holding income $60,000 + GST p.a
* Lease Term: 10y + 10y + 10y + 5y, commenced 1st October 2008
* Lease Final Expiry: 30 Sep 2043
* Next Rent Review Date: 30 Sep 2017
* 100% outgoings are paying by the tenant
For more information and to arrange viewing please contact the sole agents NAI Harcourts.