Iconic service centre on Auckland's doorstep

16 Horace Russell Road, Mercer

By Negotiation

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Iconic service centre on Auckland's doorstep | 16 Horace Russell Road, Mercer | 1503782 |      X Close

Iconic service centre on Auckland's doorstep

• Landmark service centre immediately adjacent to State Highway 1

• Anchor tenants of Mobil and McDonalds provide majority of rental income

• Retuning a diversified net income of approximately $535,182pa + GST

• Recent extension to Waikato Expressway now bypasses Huntly

• 23,312sqm (approximately) land holding

Situated on the doorstep of the Auckland Region on State Highway 1 this easily recognised long established Service Centre presents one of the key service hubs between Auckland and Hamilton providing petrol, food & beverage and public toilet amenities on New Zealand's major State Highway.

The property has in 2020 benefited from the opening of the Huntly section of the Waikato Expressway (State Highway 1) which bypasses Huntly town centre that has historically provided competing service amenity to the subject property. A generous 2.3312ha site, there is also potential for the purchaser to explore further development of the site synergistic with the existing tenancies providing further income and upside.

In a rapidly changing investment climate the offering presents certainty of income by way of blue chip tenant covenants Mobil and McDonalds that will give the successful purchaser peace of mind in addition to a generous yield relative to the calibre of the asset.

16 Horace Russell Road, Mercer

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