Long Term Lease - 10% Yield


Ruapehu

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Long Term Lease - 10% Yield | Ruapehu | 2837099 |      X Close
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Description

Long Term Lease - 10% Yield


- Challenge service station

- A strong business well known to skiers

- Located on State Highway 4

- Gateway to National Park

- Rental $58,870 pa + GST

- Ten year lease from 1 February 2011

- Two rights of renewal of five years

- Built in increases

- Strong tenant

As well as petrol and diesel, the ground floor houses a well stocked dairy with takeaway food and good coffee. It has high season trade and is the centre of an extensive and supportive farming community. The first floor provides office, storage and accommodation for the tenant.

Total Building Area: 322sqm

Land Area: 862sqm