Fantastic Development OpportunityListing: #BOP00032
About this Business for sale in RotoruaFantastic Development Opportunity
One of Rotorua's last remaining large main road development sites with a generous land area.
13,882 sqm more or less with approximately 100m more or less of road profile, onto a traffic count of 34,000 vehicles per day on the city's main eastern arterial route
Currently there are eight tenants all on month to month leases. The property is returning a current rental of $109,400 plus GST per annum.
This could be a superb opportunity for trade retail or a large warehouse/distribution tenant who requires exposure plus surplus land. Sites of this size and location so close to the industrial area and central business district are hard to find.
For further details please call Mike Fraser, 021 932 633
+64 7 579 4994
+64 21 932 633
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.