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Iconic National Brand on Long Term Lease

270-278 Mahurangi East Road, Snells Beach

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Tender (Unless Sold prior)

Property ID#a090W00001LssMs

For Sale by Tender (unless sold prior) closing 4pm, Thursday 26th October 2017

  • The Warehouse with 5 years to run plus further rights
  • Current Net Income of $563,269.20 p.a. (Plus GST)
  • High profile land holding of 1.037 hectares (more or less)
  • Growth location, underpinned by significant infrastructure upgrades

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. 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.

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