MOTION ENTERTAINMENT ROTORUA

352 Te Ngae Road, Lynmore, Rotorua

Character Space / Investment / Office / Retail / Special Projects / Tourism For Sale

For Sale    Tenanted Investment
Land Area: 11,795.00 m2.    Floor Area: 6,041.00 m2.    

Motion Entertainment Rotorua

Description

Motion Entertainment is the first stage of the wider Lynmore Junction convenience retail and entertainment development. It is New Zealands largest indoor entertainment and leisure facility which is fully leased to 8 individual tenants whom are each leaders in their respective fields. There is also dedicated on site conference facilities to further enhance this tourism offering. Motion Entertainment commenced trading 26 November 2016 and has already had a staggering 100,000 visitors through the doors. 

This freehold investment offers substantial land and buildings which have been newly renovated and strengthened to 100% NBS. The site fronts on to busy Te Ngae Road and has excellent access from newly constructed traffic lights.

This investment offers the growth of our local and international tourism industry with the security of multiple tenants on long leases.

Features

  • New leases of 8-10 years
  • Approx. net passing income $779,930.19 pa + GST
  • Total site area 11,795m²
  • Net lettable area 6,041m²
  • Modern buildings, newly renovated with an NBS of 100%
  • Approximtely 105m of frontage onto busy Te Ngae Road
  • Guaranteed CPI rent growth with full ratchet provisions

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