Morningside
47 Porowini Avenue, Morningside, Whangārei
+10
Split-risk investment anchored by Z Energy
Secure a high-profile commercial investment returning $213,903 net p.a. + GST, underpinned by a 7.2-year WALE and regular rent reviews ensuring sustained income growth.
Anchored by Z Energy Limited (final expiry 2048 if all renewals exercised) and complemented by an established automotive operator on a new lease through to 2035, the property provides both income stability and diversification.
Comprising 2,986sqm of freehold Commercial-zoned land, the site is prominently positioned directly opposite the entry/exit of Mitre10 Mega, benefiting from strong passing traffic, excellent visibility, and valuable dual access including a secondary laneway.
Key Highlights
• $213,903 net p.a. + GST
• 7.2-year WALE with built-in rent growth
• Blue-chip anchor tenant: Z Energy Limited
• Strategic 2,986sqm freehold landholding
• Prime frontage + dual access for long-term value
Nigel Ingham
Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Henry Napier
Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Lease
Returning $213,903 net p.a. + GST
Rent review
7.2-year WALE with built-in rent growth
Location
Prime frontage and dual access for long-term value
Anchor tenants
Blue-chip anchor tenant: Z Energy Limited
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