Listing details

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Iconic National Brand on Long Term Lease

Listing number:1200584

270-278 Mahurangi East Road,  Rodney

Tender

About the property

Land Area:  1.03 ha

This property is an ideal passive investment, tenanted by The Warehouse, an iconic New
Zealand brand. The property sits on a large freehold land holding and is an established fixture in the greater Warkworth retail catchment.
The property features strong fundamental attributes, such as a central location on main-street Snells Beach, high profile exposure, ample parking, and a long term lease with strong tenant covenant.
Tenant: The Warehouse
Net Rental: $563,269.20 p.a. +GST
OPEX: $42,167.00 p.a. +GST
Term (remaining): 5 years
Right of Renewal: Three (3) Rights of five (5) years each
Dates of Renewals: 28 September 2022, 28 September 2027, 28 September 2032
Rent Review Date: 28 September 2019
Situated in a high growth area, the property is forecast to service more than 25,000 permanent residents by 2030. This is a high calibre investment opportunity not to be missed.
If you would like to receive further information please do not hesitate to get in touch

Agents Details

Henry Napier
09 425 7640
021 024 64785
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Scott Kirk
09 309 6020
021 499 661
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Agency Details

Bayleys Real Estate Ltd (Licensed: REAA 2008) - Auckland Commercial
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