This multi-tenanted industrial zoned property is underpinned by anchor tenant Z Energy who has benefitted from this location since 2013. With three supporting food tenants, Subway, Industrie Café and French bakery Paris Delice on site. 200 Napier Road, Taupo has fast become a destination for travellers and locals alike.
The buildings were constructed in 2013 and 2015 and were purpose built for a service station and food tenancies, respectively. With a current WALT of 9 years and excellent rental growth mechanisms, this investment should be on your list of “must own’s”.
Location is second to none being at the intersection of SH1 and SH5, bordering Mega Mitre 10 and, in the future, the proposed new supermarket development. Approximately 7,000 cars pass daily at the intersection (Source NZTA). This will continue to make this property, a secure high energy investment.
Some tenants are keen to discuss with the new owner(s) the further expansion of their existing premises.
For access to further information please contact Daniel Moffitt or Hugh Milloy, viewings are strictly by appointment only.
Offered for sale by Deadline Sale (Unless Sold Prior) closing: 4pm on Wednesday 16 March 2022.
Features:
* $414,130 net rental per annum
* Z Energy anchor tenant
* WALT of 9 years
* Strategically located at the junction of State Highway 1 and State Highway 5
* CPI rent reviews across all four tenancies
