570 State Highway 10
Taipa, Far North District
SOLD

Rare Coastal Commercial Investment

For sale plus GST (if any)
• Long-Term Cash Flow
• $107,913.46 plus GST - Rental
• Popular Service Station with Extensive Trading History
• High Profile Location on State Highway 10
• National Tenant
If you are looking for long-term passive income, it doesn't get more secure than this. This property has been a reliable source of energy, from petrol, LPG, and diesel, to great pies and energy drinks. Due to its high profile location, it attracts a diverse range of customers.
The property is held in two titles, one of them a freehold site of approximately 1372 Square metres and the other being a cross lease with a 1/2 share of 913 square metres (more or less). The building has a combined floor area of approximately 570 square metres and consists of a forecourt area and retail space with attached tyre bay and storage space. The property enjoys a high profile, on busy State Highway 10, in central Taipa with easy access to the pumps and ample client parking.
Taipa is a busy coastal town, with a limited commercial zone making this property a prime investment in a magical location.
The business operates under the Z Energy brand, and the operators have over five years to run on the current term with a final expiry in September 2038. Annual CPI increases and periodic market rent reviews are included within the lease.

Call Sean Stratton on 0204 111 2307 for an appointment to view

View Property

Property Features

Property ID: MNG30379
Building: 570m2
Land: 1828.5m2
Listed By:Far North Circle Real Estate Limited Licensed (REAA 2008)
Share:

Get in touch

Sean Stratton, Managing Director / Licensee Agent at Ray White Kaitaia