6332 State Highway 1, Mangaweka, Rangitikei, Manawatu-Wanganui

6332 State Highway 1, Mangaweka, Rangitikei, Manawatu-Wanganui State Highway 1 Investment/ Development

What a great opportunity here on State Highway 1

Firstly there is regular income of $5000/month minimum coming from a self-service fuel stop leased to Allied Petroleum. Leased through to 2031, with two further 5 year rights of renewal.

That lease encompasses around half of the site while the balance includes a vehicle workshop and what was once a cafe/shop which is ripe for further development. The workshop has high stud roller doors, three phase power, kitchen and toilets.

Allied also has a Resource Consent to install a Truck Stop on site - not yet progressed - however should it go ahead the site owner may expect a higher rental due as the present rate is based on 3.5 cents/litre or $5000/month, whichever is the greater.

An adjoining two sections at the rear, with access to Koraenui St totalling 2022m2 are also available by negotiation. Combined with the workshop it could make for a useful truck depot or staging yard.

For further information, please visit: https://rwfeilding.co.nz/FEL30375