Iconic National Brand on Long Term Lease


270-278 Mahurangi East Road, Snells Beach

Asking Price NZD $0 + GST (if any)

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Iconic National Brand on Long Term Lease | 270-278 Mahurangi East Road, Snells Beach | 1200584 |      X Close
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Iconic National Brand on Long Term Lease


This property is an ideal passive investment, tenanted by The Warehouse, an iconic New Zealand brand, who have occupied the property since 2004 (when it was built). 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, a modern building and a long term lease with strong tenant covenant.

Tenant: The Warehouse

Net Rental: $563,269.20 p.a. +GST

Commencement Date: 28 September 2012

Term: 10 years

Right of Renewal: Three (3) Rights of five (5) years each

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

Scott Kirk

Auckland Central

Licensed under the REA Act 2008

Mobile: +64 21 499 661
Office: +64 9 375 7495
scott.kirk@bayleys.co.nz
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James Were

Auckland Central

Licensed under the REA Act 2008

Mobile: +64 21 740 032
Office: +64 9 375 6844
james.were@bayleys.co.nz
View profile

Henry Napier

Warkworth

Licensed under the REA Act 2008

Mobile: +64 21 024 64785
Office: +64 9 425 7640
henry.napier@bayleys.co.nz
View profile

270-278 Mahurangi East Road, Snells Beach

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Scott Kirk

Auckland Central

Licensed under the REA Act 2008

Mobile: +64 21 499 661
Office: +64 9 375 7495
scott.kirk@bayleys.co.nz
View profile

James Were

Auckland Central

Licensed under the REA Act 2008

Mobile: +64 21 740 032
Office: +64 9 375 6844
james.were@bayleys.co.nz
View profile

Henry Napier

Warkworth

Licensed under the REA Act 2008

Mobile: +64 21 024 64785
Office: +64 9 425 7640
henry.napier@bayleys.co.nz
View profile