NPD have committed to 50 years of potential lease term, with an initial lease term at an impressive 15 years + rights of renewal.
Combined with fixed annual increases of 2.25% per annum, this is a true passive investment for those seeking a long-term income stream.
NPD have invested a huge sum into this critical infrastructure investment, and asides from providing the significant traffic flows and local agri-community with affordable fuel, this site doubles as a specialty fuel tanker parking location for transiting NPD fleet and potentially other fuel suppliers in the country.
The infrastructure requirements for fuel tanker parking are extensive and as such the costs of developing such facilities is significant.
Culverden is positioned at a critical location for NPDs transiting fleet, particularly in the event of road disruption.
The prime corner holding provides for 3 access points allowing excellent heavy vehicle circulation and fueling ability.
Zoned Business 1 under the Hurunui Operative District Plan.
Activities such as retail, entertainment, community services and offices are permitted (with restrictions on the Hurunui District Plan).
Investors who are searching for long-term security, strong fixed rental growth, and the fundamentals of a very desirable underlying land holding, need look no further.
This will sell quickly, so early engagement is encouraged.
For sale by Deadline Private Treaty closing 4pm, Wednesday 30 April 2025 (unless sold prior).
*Boundary lines are indicative only.
Features:
* Large freehold site 4,789 sq m
* Positioned on State Highway, just over an hour from Christchurch City
* Fifteen year lease
* Annual rental $178,000 pa + Outgoings + GST
* NPD operating over 50 years
* Fixed annual rental increases
* High-profile corner site with circa 125m frontage
* Prime land holding