Perfect Passive Investment in Paihia

10, Puketona Road, Paihia, Far North

Price On Application

Proposed Usage
Office
Floor Area
639.00 m²
Land Area
2586.00 m²
Description:
Property ID
1c07bcn



A rare opportunity to secure a diverse investment which benefits from commercial, industrial and residential aspects in a lucrative area.

This Caltex Service station is one of only two stations in Paihia and sits on a 2586sqm freehold title fronting Puketona Road, the main road in and out of Paihia. Located directly across the only supermarket in Paihia, this station services the local population and large seasonal influx’s of tourists and travellers.

With a 20 year triple-net lease in place from November 2013, this opportunity is a rear find in locations like this. Having fixed 4% 2 yearly rental increases gives this passive investment structured growth throughout the lease term and the triple-net lease structure gives the new owner security during ownership.

For further information please contact the Sole Agents.

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Paihia Area