• Service station investment on long lease plus a two-level standalone
• Caltex returns $208,080 + GST p.a. (net) with fixed annual increases
• High-profile 284sqm standalone offers options to add-value and/or occupy
• 1,040sqm freehold landholding with Mixed Use zoning (max height: 32.5m)
• Strategic position near to CBD, Universities, Hospital, Motorways and CRL
This top-quality commercial investment property truly has it all! First and foremost, it has consistent cashflow from the long-term lease to Z Energy Limited (operating as Caltex) with built-in growth.
There is an attractive add-value and/or occupy option in the form of the separate standalone building with onsite parking and roller door access to the side, lending itself to any combination of retail, showroom, office, storage or residential.
A newly subdivided title will provide a large freehold landholding, with favourable Mixed Use zoning adding significant development upside to the offering, with the option for a new owner to further subdivide the standalone from the service station.
In addition, the strategic, high-profile location provides excellent access to Auckland’s CBD, Universities, Hospital, motorway interchanges and soon-to-be-open City Rail Link (CRL) stations.
A great addition to any portfolio, enquire today!