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