450sqm
floor area
2,964sqm
land area
Net income | $109,126 + GST |
Outgoing | Tenant pays all outgoing (full net lease) |
Premium Lease | Burger King 15 year lease from October 2018 |
Re-imaging | Completed 2019 |
Re-imaged in 2019 to the latest brand standards. The building was originally constructed as a family restaurant and drive through in 1994 before becoming a Burger King in 2003.
Positioned between Pak'nSave, Countdown and a Z Energy service station; with Repco, McDonalds. Animates, and KFC nearby. The property has long-term tenure on a Crown leasehold site on one of Napier's main arterial roads.
With Burger King having renewed the lease for a further 15 years from 2018, it doesn't get much better.
• 15 year lease from October 2018
• Tenant pays all outgoing (full net lease)
• Re-imaging completed 2019
• Net income $109,126 + GST
Licensed under the REA Act 2008
Mobile: +64 21 650 210 |
Office: +64 6 872 9300 |
[email protected] |
Licensed under the REA Act 2008
Mobile: +64 21 421 401 |
Office: +64 4 499 6022 |
[email protected] |
450sqm
floor area
2,964sqm
land area
Net income | $109,126 + GST |
Outgoing | Tenant pays all outgoing (full net lease) |
Premium Lease | Burger King 15 year lease from October 2018 |
Re-imaging | Completed 2019 |
190 Station Street South, Napier South
Open in mapLicensed under the REA Act 2008
Mobile: +64 21 650 210 |
Office: +64 6 872 9300 |
[email protected] |
Licensed under the REA Act 2008
Mobile: +64 21 421 401 |
Office: +64 4 499 6022 |
[email protected] |
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