21 year lease

1, Corban Avenue, Henderson, Waitakere City

Price On Application

Proposed Usage
Retail
Floor Area
228.00 m²
Land Area
2028.00 m²
Description:
Property ID
1c2fws5

• Fee Simple strategic corner location
• Strong national brand tenant offers long term security
• Returning $327,939.32pa plus GST & Outgoings with annual CPI increases

Located on a 2,028m2 freehold site, the property comprises a purpose built service station featuring net lettable area of 228m2 (approx.). Boasting a large corner profile in close proximity to Henderson township, industrial precincts, main arterials and motorway systems, this service station benefits from huge exposure and traffic flow.

National brand tenant Z service station has committed to a 21 years lease with 19 years remaining on the initial lease term plus further rights of renewal. The property is currently producing net annual rental income of $327,939.32 plus GST with built in rental growth.

This is an outstanding opportunity to secure a passive, long term investment offering excellent tenant covenant, assured rental growth and hands free management.

For further information please refer to: www.propertyfiles.co.nz/property/1901761

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Henderson Area