48-50 Main Road, Moerewa, Far North

Fuel your portfolio - cashflow positive investment

UNDER CONTRACT

• National branded tenant, BP Service Station on fifteen year lease
• Refurbished canopy with near new fuel tanks
• Prime 2,011sqm (more or less) corner site
• A+ IEP (Seismic) rating
• Returning $92,786pa plus GST and outgoings

Situated on a prime corner site on State Highway 1 where traffic flows through to Kaitaia, 48 50 Main Road features six pumps and one truck stop with adjoining 175sqm (more or less) retail store and 314sqm canopy situated across two fee simple titles providing a combined total of 2,011sqm (more or less) commercial land in the small northland settlement of Moerewa.

The site has recently had two near new 50,000 litre underground fuel storage tanks installed by the tenant; the canopy of the forecourt has been refurbished/upgraded and a modernized internal retail fit-out has been undertaken.

Returning $92,786pa plus GST and outgoings, the sole commercial service station in the township of Moerewa should be seriously considered by astute and passive investors looking for positive cashflow.

For further information, contact the SOLE agents today

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz

Janak Darji
021 047 1290
janak.darji@bayleys.co.nz