Split-risk Investment with development upside

Secure your position in high-growth Warkworth with this fully tenanted, split-risk commercial investment returning a passing income of $94,336.24 net per annum.

The strategic corner position, flat contour and north-facing aspect, together with the proximity to New World supermarket, provide excellent potential for multi-level development aligned with Warkworth’s future growth plans.

Key Investment Highlights:
•Net Income: Currently returning $94,336.24 net per annum.
•Floor Area: Approx. 200sqm of well maintained office space
•Land Area: Approx. 310sqm freehold title
•Fully Tenanted: No downtime – income from day one
•Split-Risk Profile: Multiple established office tenancies reduce reliance on a single occupier
•Business Town Centre Zone: Warkworth 3 sub precinct B (subject to council height variation controls up to 18m)
•Future Development: well suited to commercial/retail on the ground floor and accommodation above.
•Two Road Frontages: Excellent profile with dual street exposure
•Convenient Parking: Street parking right outside for staff and clients
•Prime Warkworth Location: Benefit from the region’s strong population and infrastructure growth
•Low-Hands-On Investment: Established leases with steady, professional tenants

20 Baxter Street offers a rare opportunity to acquire a passive, income-producing asset in one of Warkworth’s most sought-after town centres. With its established rental stream, tidy presentation and diversified tenant mix, this property is ideally suited to investors seeking stable returns and long-term growth potential.

For further property detail, please access the online dataroom at www.propertyfiles.co.nz/1271391