10 Puketona Road, Paihia, Far North

Service station investment on long lease

- One of four fee simple service station investment properties thought New Zealand
- Currently returning $132,662 (net) per annum from established tenant
- 2586 sqm freehold high-profile site in this aspirational Bay of Islands location
- Bottom drawer, hassle-free investment opportunity for a range of buyers
- Motivated vendor says sell away!

Bayleys are proud to be appointed as the vendors sole agents to market for sale by Tender a portfolio of four service station investments, which can be purchased individually or together.

These properties all present an opportunity for a range of purchasers looking to secure hands-off commercial investment opportunities in a range of established and high-profile locations throughout New Zealand.

The property located at 10 Puketona Road Paihia offers a high profile 2586 sqm freehold site which is located just a short walk from the Paihia beach and opposite the local Countdown supermarket.

Currently occupied by a Caltex Service Station and returning $132,662+ GST p.a. this property offers approximately 10 years left to run on its current lease term of twenty years, which commenced on the 1st of March 2013 , and provides for built in rental growth and further rights of renewal

Fully leased to a single tenant the property comprises a two-level commercial building, with mechanical and residential tenancies which are subleased.

This is indeed a strategic regional investment opportunity not to be missed in this high growth aspirational Bays of Island's location of New Zealand.

For sale by tender closing 4pm Tuesday 21st March 2023 (unless sold prior)

Call the sole agents now for full details of this offering with all viewings strictly by appointment.