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Existing 15-year lease - affordable retail asset

11/67 Auckland Road, Warkworth

Retail Property
dollar

$450,000 Plus GST (if any)

Floor area
60m2
Title type
Unit Title
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Property details

Listing # 16910246 | Listed on 2 March
  • Modern retail investment returning net $27,000pa + GST
  • Existing 15 lease until 30 June 2031 (plus right of renewal)
  • Tenanted by Fish Nets - a well-established fish and chip operator, since 2016
  • Prime location within a high-traffic retail centre
  • Quality tenant mix includes McDonald's, BP, Domino's, Coffee Club, Tank Juice, Educare Childcare and St Pierres Sushi

An excellent opportunity to secure a well-positioned, affordable passive investment. This 59sqm unit is tenanted by Fish Nets, a long-standing operator offering a range of fish and chips, fried chicken, burgers and salads. The property comprises an existing lease until 30 June 2031, with a further right of renewal. The property also benefits from a six-month bank guarantee plus a personal guarantee

Constructed in 2016, The Grange is strategically located at the southern entrance of the growing Warkworth township, enjoying excellent exposure, easy access from both directions, and includes a strong mix of national tenants including McDonald's, BP, Domino's, Coffee Club, Tank Juice, Educare Childcare, and St Pierres Sushi. Warkworth, a key satellite town of Auckland, has been identified as a high-growth location with Auckland Council projecting a population of up to 30,000 residents over the next 30 years.

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