High Profile Commercial Tower in Picturesque ...


1135 Arawa Street, Rotorua

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High Profile Commercial Tower in Picturesque ... | 1135 Arawa Street, Rotorua | 1900250 |      X Close
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Description

High Profile Commercial Tower in Picturesque ...


- High profile location overlooking Rotorua City and Lake

- Building includes ground floor retail, air conditioned office space and secure car parking

- Initial investigation to strata title has been undertaken

- Potential apartment or accommodation conversion opportunity (subject to council

approval)

- Good mix of professional, private and government tenants including; The Department of Internal Affairs, The Department of Labour and Fairfax Media

- The building has a net IEP rating of 79% NBS taking into account known geothermal

activity in the area

- Huge upside potential to lease unoccupied space

The building known as the Zens Centre holds a prominent central location within the

established Rotorua business area. Most floors enjoy uninterrupted views of the

surrounding area and upper floors feature scenic views of Rotorua Lake.

This is a unique add value opportunity for the active investor or developer to reposition this late 1980's standalone freehold building.

Property Details

Land Area 1,649sqm

Net Lettable Area 8,008sqm

Carparks 45

Tenancy Details

This property is producing a current net income of $124,734pa + GST.

Full tenancy details are available upon request.

Tenders Close

(unless sold prior) 4pm,

Thursday 18th June 2015

318 Ti Rakau Drive, East

Tamaki, Auckland