Service station in prime southern spot

• Published date: 01 October 2022
• Publication title: Weekend Herald

24 Greenwich St, Waihola (pictured above) is home to an NPD service station that sits on a 2150sq m freehold site that is spread across two titles and is zoned Urban Resource Area by Clutha District Council

NPD will begin a new 15-year lease term on settlement that includes three further rights of renewal for 10 years each. The annual rental income from the lease agreement is $150,000 plus GST and outgoings. The strong fixed annual rental increases, along with market reviews through the lease, are sure to attract those with an eye to growth.

The site benefits from sitting on Greenwich St (SH1) and has frontage to North Foreland St. The property provides dual access and was designed with functionality in mind as it sees considerable passing traffic numbers.

Waihola is a popular summer holiday destination approximately 30 minutes’ drive from Dunedin on the main route that links to the Central Otago region, which includes tourism hotspots Queenstown and Wānaka.

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