4155 Great North Road, Glendene, Waitakere

Strategically located Z Energy Service Station

• Annual net income $317,161.74 pa + GST & OPEX (includes upcoming CPI rent review to be confirmed)
• 18 year lease term from 13 August 2018 + ROR's
• NZX Listed tenant covenant - Z Energy Limited
• Unitary Plan zoning Mixed Housing Urban
• Established Auckland location

The property is strategically situated amid a large residential catchment zoned for intensification. The Z Energy Service Station known as Z Waikumete, is part of a master planned development known as The Groves. Alongside 40 terraced homes and apartments, the mixed use development provided design led premises for Best Start Childcare, Anytime Fitness Gym, Burger King and eight other commercial tenancies.

Currently leased to Z Energy Limited on an 18 year term (from Aug 2018), this outstanding investment is returning $317,161.74 pa net + GST & OPEX -100% payable by the tenant. This hands free passive investment also offers CPI rental growth and further rights of renewal, with a final lease expiry in 2053.

Positioned on one of West Aucklands main arterial routes, surrounded by a large residential catchment and a pocket of light industrial activity.

Z Energy is a publicly listed company on the Australian & NZ stock exchanges with around 10,000 shareholders.