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About the property
On the market for the first time in over 35 years, this elevated land holding offers exceptional security with a long term lease to Z Energy Ltd. The discerning Deed of Lease provides the future Landlord with an exceptional financial instrument, providing frequent rental reviews which, over time, will continue to give back in more ways than most.
A closer look at this superb investment reveals a long list of fundamental investment attributes including; both immediate add-value opportunity and long term development potential, favourable zoning, wide frontage and low site-coverage, all while being situated in a high profile location that guarantees the property a trophy position in any investor or developer's portfolio.
The property is located at a key intersection, with significant traffic flows providing a clear advantage to this high performing service station.
Additionally, the property is located with approximately 12 other retail shops on a prime corner, providing multiple access points and a considerable through-flow of vehicles from the shops and service station. This is an opportunity not to be missed.
Without a doubt, one of the most attractive properties to come to market on the North Shore this year.
• Elevated land holding of approximately 2,932m²
• Held in two freehold adjoining Certificates of Title
• Favourable zoning: Business - Local Centre zone
• Lease to Z Energy Ltd for a further 12 years plus 1 ROR, returning $364,894 plus OPEX and GST per annum
Please visit www.847-849eastcoastrd.co.nz for more information.