What a great passive investment, currently returning $60,000 per annum plus GST (8%) with plenty of potential for further growth
Around half of this site is leased to Allied Petroleum as a 6-pump self-service fuel stop. This brings in a minimum of $5000/month through to 2031, with two further 5 year rights of renewal.
Resource consent has been obtained by Allied to install a Truck Stop on site - but has yet to be progressed. If it does go ahead the site owner could expect a higher rental due to the rate of 3.5 cents/litre or $5000/month, whichever is the greater.
A large workshop is available for owners use or to lease out separate from the main lease. The workshop has high stud roller doors, three phase power, kitchen and toilets.
An adjoining two sections at the rear, with access to Koraenui St totalling 2022m2 are also available by negotiation. Combined with the workshop it could make for a useful truck depot or staging yard.
For further information, please visit: https://rwfeilding.co.nz/FEL30375
