Kua Tangohia
• Three income streams - two commercial and one residential
• Waitomo Fuel provide 60% of rent on long-term lease
• Profile site on busy State Highway 2
• Modern high specification pump and tank infrastructure
This property is located in a strategic position just north of Napier in proximity to Hawke's Bay Airport and the State highway 2 turn-off to Taupo. It is ideally placed to take advantage of the significant government-funded roading recovery programme, mainly focused north of Napier.
Principal tenant Waitomo Fuel has a 25-year lease term (including renewals) and favorable CPI and market rent reviews.
In addition there is an industrial workshop and four-bedroom dwelling which have potential rental upside. The property can be purchased purely as an investment or could provide a home and income.
All the pump and fuel infrastructure has been installed by the tenant at significant expense and a large portion of the land has been improved with concrete hard stand.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 9.89 km | 3 | 1 | -m2 | 2024 06 17 | $960,000 | Council approved | |
 | 10.25 km | 3 | 2 | -m2 | 2024 06 14 | $1,000,100 | Council approved | |
 | 9.82 km | 2 | 2 | -m2 | 2024 05 03 | $1,050,000 | Council approved | |
 | 9.88 km | 2 | 1 | -m2 | 2024 02 05 | $825,000 | Council approved | |
 | 4.43 km | 3 | 2 | 298m2 | 2024 01 24 | $3,000,000 | Council approved |