Established Service Station - 16 YEAR LEASE
782R, State Highway 29, Tauriko, Tauranga
- Proposed Usage
- Floor Area
- 248.00 m²
- Land Area
- 3098.00 m²
- Property ID
Enquire about this property
As part of a portfolio sell down, we offer this unique investment opportunity to purchase a high profile State Highway service station site in one of the Tauranga regions high growth nodes. The Commercially zoned site is a generous size and regular shape.
The 3098sqm site offers huge exposure and is strategically located in one of Tauranga's premium suburbs currently experiencing huge growth in both residential occupation and commerce with the burgeoning Tauriko Business Estate on the doorstep of the property.
Tauriko is easily accessed from all directions with excellent State Highway linkages to/from; Hamilton/ Auckland, Rotorua, CBD/Port, Te Puke/Whakatane. The Caltex station is the first service station on the Western side approaching the city.
The property offers a long term lease to the operators of the Caltex Service Station, the 20 year term from 1 November 2013 is currently returning $146,340 per annum net plus GST with built in rental growth.
At the asking price of $2,168,000 + GST, this represents a 6.75% return.