•Strong Rental Income – $113,558 per annum net (March 2025)
•Twelve Tenanted Flats – Mix of two bedroom, studio units, and a three bedroom.
•Recent Upgrades – New roof on single storey, heaters, extractor fans, brand new stoves in ten units.
•Secure Leasehold Investment – 21-year perpetual lease, fixed ground rent until 2029
A rare opportunity to secure a high-yielding leasehold residential investment in central Rotorua. Fully tenanted with a solid rental return or $113,558 net per annum, this substantial complex features a mix of nine two-bedroom, a three-bedroom, and two studio units, all meeting Healthy Homes Standards. The property benefits from long-term ownership, recent capital improvements, and a fixed ground lease of $47,150 per annum providing certainty for investors.
