3 / 11 Fairwater Road, Warkworth, Rodney, Auckland 0910

Negotiation

buildarea 294m²
landarea 367m²
TENANTED INVESTMENT IN BOOM AREA

Grab this excellent opportunity to own an established tenanted property in the modern commercial hub of The Grange in the booming Warkworth region, North of Auckland. Investors will surely see the benefit of acquiring this large-format property before the increase in demand on the completion of the motorway extension from Puhoi to Warkworth in 2022.
• Large-format unit with side roller door + outdoor area
• Established tenant in high growth fitness industry
• Yielding a net income of $102,236 pa + GST + outgoings
• Annual CPI rent review + market rent on renewal dates
• 6 year lease from 2017 with further 2 renewals until 2035
• Significant growth forecast when motorway opens next year
Rarely do properties like this come on the market that have the location, size, tenancy and lease to appeal to all commercial investors seeking a long-term view in this desirable town. There are huge developments planned in Warkworth with the population expected to grow five times over the next decade. This will surely appeal to savvy investors as they realise the fact that any future new developments will bear the high cost of land and building in post-covid times.
The complex attracts high patronage not only from the fast growing local and surrounding communities but also the busy passing traffic on State Highway 1. This complex, built in 2016, provides a good mix of hospitality, retail and service providers anchored by McDonalds, BP and Educare Childcare Centre. Other known brands within the complex include The Coffee Club, Tank Juice Bar, Dominos Pizza, St. Pierre’s Sushi and Vivo to name a few.
Telos Group Commercial have been appointed as sole marketing agents so call Mustan for more details and viewing arrangement.


Telos Group Commercial have been appointed as sole marketing agents so call Mustan for more details and viewing arrangement.

Mustan Bagasra