Strategic Investment

Outstanding investment opportunity in a strategic location with two proven tenants.

Leased to an independently owned Challenge Service Station with a final expiry of October 2029. 

Spotswood Car Care occupies the remaining 230 sqm workshop, ideally set up for a mechanic with access from both sides of the building via four roller doors. The final expiry of this lease is April 2026.

The tenants enjoy a secure catchment of customers, benefitting from the profile and strategic location at the main entrance to New Plymouth from Oakura. 

The building was originally constructed in 1975 and has been extensively refurbished, retrofit and re-roofed in 1997.   

Site Area: 1776 sqm

Gross Floor Area: 711 sqm

Rateable Value: $1,470,000 (effective 1 September 2019)

Zoning: Business B

B Grade seismic Rating of 70% NBS

For further details and due diligence material, contact the Colliers International broker.

Due Diligence Available:

• Lease documentation
• Certificates of Title
• Zoning Map
• Initial Seismic Assessment Report
• Land Information Memorandum
• Building Plans
• Construction Specifications

 For Sale by way of Deadline Private Treaty. Calling for best offers by Thursday July 23, 2020.