New 10 Year Lease - Fish & Chips Shop along SH1
11/67, Auckland Road, Warkworth, Rodney
- Proposed Usage
- Floor Area
- 59.00 m²
- Auction Date
- 11:00 - May 17, 2017
- Property ID
- Brand new unit with 10 year lease in SH1 retail complex - following successful sell-down of Stage 1, 2 and 3
- Tenanted by Fish Nets, returning net $30,975 + GST
- High profile complex with huge traffic exposure - tenants in complex include McDonald's, BP, Domino's, Coffee Club, Tank Juice, Educare Childcare and St Pierre's Sushi
- Well complimented with approx. 200 planned houses under development at the rear of the complex
Offered to the market is a brand new retail investment opportunity with a long 10 year lease and guaranteed annual rental growth - situated in the brand new busy retail complex along State Highway 1 - The Grange.
This opportunity comprises Fish Nets, a fish and chips takeaway owned by experienced operators who have significant local and overseas experience. Opened in 2016, this is the only Fish & Chips takeaway in The Grange, providing the future owner with a long term lease at an attractive rental level.
The Grange is the sole centre along State Highway 1 travelling south between Wellsford and Auckland. The centre is well-positioned at the entrance to Warkworth with ease of access from both sides of the road, and is surrounded by residential developments of approx. 200 houses under construction. Warkworth is a major growth location projected to increase to a population of 20,000 over the next 30 years.