Entry-level investment

Unit G, 22, Whitaker Road, Warkworth, Rodney

Auction

Proposed Usage
Retail
Description:
Property ID
1c3mpql

•Centrally located in Warkworth
•Unit Title property returning $21,377 (plus Outgoings) per annum
•Short term lease structure ideal for an owner-occupier or add-value investors
•CV $460,000
A rare opportunity to secure an affordable asset in a tightly held commercial market. This high profile property is strategically located in Warkworth's Town Centre and sits in close proximity to a number of established national tenants including Mobil, Stihl Shop and Liquor Centre.
The property is tenanted by New Zealand Diving Limited, a well-established local marine retailer and service provider. The tenant holds a one-year term, with an option held by either party to terminate the lease with three months notice. The flexible lease structure presents a seldom-found opportunity for an owner-occupier with interim holding income of $21,377 per annum.
Measured at 90m2 and formatted for retail and service, the property offers broad commercial utility ideal for a range of uses.

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Warkworth Area