New Bite-Sized Investment - 6 Year Lease
21A/67, Auckland Road, Warkworth, Rodney
- Proposed Usage
- Floor Area
- 60.90 m²
- Auction Date
- 11:00 - Jun 22, 2017
- Property ID
Unit 21A, The Grange - Warkworth
- Brand new small investment opportunity in high profile complex located along State Highway 1 - Stage 4 of sell-down
- Tenanted by Hawthorn Geddes Engineers & Architects, returning $21,315pa + GST with annual rental growth (opening June)
- 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 $91,925pa + GST (gym)
Following the sell-down of Stages 1, 2 and 3, offered for sale is a quality investment in The Grange retail convenience centre, strategically positioned on one of busiest stretches of State Highway 1. The property is tenanted by Hawthorn Geddes Engineers & Architects, founded in 1962 with their head office currently located in Whangarei. Hawthorn Geddes is the largest locally owned multi-discipline practice in Northland and has been involved in major engineering and architecture work all throughout New Zealand, including the Toyota Building in Porowini Ave, Cancer Centre Whangarei Hospital, Sandspit Marina and numerous residential and commercial development sites throughout Warkworth and Whangarei.
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!