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Bayleys Real Estate - Auckland Central Commercial, (Licensed: REAA 2008)

4155 Great North Road, Glen Eden

For sale by tender, 12 Mar

Listing Description

Listed: Thu, 5 Feb

Modern Investment with long lease to Z Energy

4155 Great North Road, Glen Eden, Waitakere City, Auckland

Details

  •   1964m² Land
AttributeValue
Property use
Development site
Agency reference
16910545

Description

  • Modern service station investment that ticks all the boxes
  • 11 years remaining on an initial 18-year term, returning $330,837pa + GST p.a.
  • High profile position in modern retail development
  • Bottom drawer investment opportunity, not to be missed

Investors looking for a hands-off commercial asset in an established and growing location should look no further. This established Z Energy Service Station has approximately 11 years to run on an 18-year term, with further rights of renewal through to 2053. The property returns $330,837pa + GST with fixed rental growth provisions throughout the lease.

Z Energy Limited is listed on the NZX with over 550 stations owned and managed through New Zealand. The property is situated on a high-profile site on Great North Road, a key arterial linking a number of rapidly growing residential suburbs.

Passive investments of this quality seldom become available in the current market. Don’t miss this immaculate hands-off investment opportunity.

Alan Haydock +64 21 532 121 alan.haydock@bayleys.co.nz

Damien Bullick +64 22 420 6845 damien.bullick@bayleys.co.nz

Craig Smith +64 21 490 580 craig.smith@bayleys.co.nz


Property Files

Alan Haydock

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Bayleys Real Estate - Auckland Central Commercial, (Licensed: REAA 2008)

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