Gnarly opportunity to purchase the freehold land and buildings to the only service station in town. Located at the top of the hill on the main road into New Zealand’s surf capital, Raglan. You can’t enter town without passing this high profile location!
An original lease term of twenty (20) years demonstrates how important this site is, which has just under half of that term remaining, plus rights of renewal through to 2064.
A growing resident population, plus a large summer influx, and weekend crowds who flock to Raglan for the surfing and fishing – with BP as the only station in town. A full service retail shop complements the forecourt traffic, with the workshop onsite as a sub-tenant.
Contact exclusive agents David Palmer or Justin Oliver for an information memorandum.
Features:
* Returning $149,175pa net
* Fixed bi-annual and market rent reviews
* Eight (8) years remaining on current term
* Tenant pays 100% opex
