A smart entry point into commercial property ownership, this modern, tenanted investment offers secure income, a proven tenant profile and exposure to one of Auckland’s fastest-growing regional centres.
The property has been occupied by the same business profile since 2016, with only one change of business ownership during that time — a strong indication of the tenant’s longevity and commitment to the location.
The current lease runs through to 2031, with a further five-year right of renewal. The property currently returns $27,000 net per annum plus GST and outgoings, with annual CPI + 1% rent reviews and market rent applying on renewal.
Built in 2016, the property forms part of The Grange, a modern and established commercial precinct in Warkworth. Its position provides excellent exposure within a busy commercial environment, supported by a strong mix of national brands and established local businesses.
The Grange is anchored by McDonald’s, BP and Educare, alongside popular operators including The Coffee Club, Tank Juice, St Pierre’s Sushi and Re Burger. The precinct benefits from regular patronage from the growing Warkworth community as well as passing traffic.
This complex is well maintained, and the businesses are supported in terms of signage and marketing including a website to attract more customers. With over 150 common customer carparks it gives easy access to customers for any shops they want to visit.
Warkworth continues to expand as a major regional centre, with significant residential development and ongoing investment in infrastructure and connectivity. With commercial property in tightly held locations remaining relatively limited, this property provides an opportunity to secure a modern asset with income from day one and potential for future rental growth.
For investors seeking an affordable first step into commercial property, or an established asset to add to an existing portfolio, this is an opportunity worth considering.
Sotheby’s International Realty is privileged to be appointed as sole agent. For further information or to arrange a private viewing, please contact Mustan Bagasra.
