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  • For Sale
  • Retail
A Grade Passive Investment Opportunity - #1
A Grade Passive Investment Opportunity - #2
A Grade Passive Investment Opportunity - #3

For Sale

Negotiation

On offer, is this brand-new consented self-service petrol station with resource consent in place and construction about to commence. Returning $165,000 + GST per annum, tenanted by key national tenant “NPD” - Nelson Petroleum Ltd with an initial fifteen-year lease in place with multiples rights of renewal. 
 

The site comprises of 2,004m² freehold land, on a prominent corner site located close to the Otara town centre. There are multiple access points by either Bairds Road or Hayman Street and is subjected to a high volume of passing foot and vehicle traffic.

The property is well located close to East Tamaki Road, which provides convenient access to main arterial routes and motorway networks with the State Highway 1 interchange being a mere 4-minute drive. 

Key Features: 

  • Net rental of $165,000 + GST pa
  • Long term lease – 15-year initial term
  • National tenant – Nelson Petroleum Ltd
  • 2,003m² freehold title
  • High profile corner site
  • Construction about to commence
  • Fixed annual rental increases

 

 



Ref #: 20672972