21 year lease
1, Corban Avenue, Henderson, Waitakere City
Price On Application
- Proposed Usage
- Floor Area
- 228.00 m²
- Land Area
- 2028.00 m²
- Property ID
â¢ Fee Simple strategic corner location
â¢ Strong national brand tenant offers long term security
â¢ 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