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Fuel for Your Investment Portfolio -  LONG LEASE - #1
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For Sale

Deadline Private Treaty 21st Jul 2022 16:00:00 (Unless sold prior)

This is a secure long term investment opportunity in a large residential catchment area with limited commercially zoned land available. The location is strategic and only minutes to Tauranga CBD and has excellent access to the State Highway 29 roading network. 

The commercially zoned site of 1,701m² offers road front exposure onto Maungatapu Road and accessed via two vehicle crossings. The buildings are approx. 574m² and comprise of a traditional service station building with forecourt including canopies and attached workshops. The 10 year lease plus ROR ( commenced 2019 ) provides guaranteed rental upside every 3 years. 

The property is currently returning $99,127 rising to $107,057 + GST + OPEX in October 2022. The head- tenant has subleased the workshops to a third party making this a very affordable business location. The final lease expiry is in October 2039 offering the new owner re- development opportunities or opportunities to re-negotiate a new lease with the existing tenant. 

An excellent long term suburban investment opportunity with future upside.  



Ref #: 20998236