Brand New Investment with 6 Year Lease
15/67, Auckland Road, Warkworth, Rodney
- Proposed Usage
- Floor Area
- 367.50 m²
- Auction Date
- 11:00 - Jun 28, 2017
- Property ID
Unit 15, The Grange - Warkworth
- Brand new investment opportunity in high profile complex located along State Highway 1 - Stage 4 of sell-down
- Tenanted by Fit Factory Gym, a 24/7 all-purpose gym with an established presence from Warkworth to Kumeu
- 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
- Additional unit also available for sale, returning $21,315pa + GST (engineering firm)
Offered for sale is a quality investment in The Grange retail convenience centre, strategically positioned on one of busiest stretches of State Highway 1. Following the sell-down of Stages 1, 2 and 3, Unit 15 is returning $91,925pa + GST from a new 6 year lease, along with guaranteed annual rental growth.
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 approximately 200 houses under construction or scheduled for construction. A major growth location, Warkworth is projected to increase to a population of 20,000 over the next 30 years.
A quality investment not to be missed!