1 and 2/4 The Grange, Fairwater Road, Warkworth, Rodney

Secure national tenant with built-in rental growth

4 Fairwater Road, comprised of units 1 and 2, form a modern 119.1 sqm (approx.) commercial tenancy within The Grange—a high-performing convenience and services hub in Warkworth. The two unit titles have been combined to create an open-plan hair salon for national brand VIVO, delivering a reliable net income with upside locked in.

INCOME AND LEASE
•Net rental: $53,000 p.a. + outgoings + GST
•Tenant: VIVO (national hair salon brand)
•In occupation since new (2017)
•Recent four year renewal now in place plus 3 further rights to renew (final expiry March 2035)
•Annual 3% rent increase April 2026

PROPERTY HIGHLIGHTS
•119.1 sqm (approx.) floor area across two unit titles—modern construction, low maintenance
•Quality, open-plan layout occupied by an established national operator
•Excellent on-site customer parking and pedestrian-friendly footpaths
•Prominent position within The Grange alongside BP, McDonald's, Tank, St Pierre's Sushi, Queen St Kebabs, and professional services (dentist, recruitment, gyms)
•Dual titles offer potential future flexibility (subject to approvals)

As interest-rate pressures ease and lending conditions improve, now is a compelling time to secure a cashflow-backed commercial asset in a growth market. Warkworth's long-term fundamentals remain strong, with the permanent population projected to reach around 25,000 by 2050—driving sustained demand for everyday services and convenience retail. This favourable funding backdrop, paired with Warkworth's expansion and infrastructure momentum, positions the property as a timely, income-focused opportunity with built-in growth.

Please visit the online dataroom at www.propertyfiles.co.nz/1271324 for further property detail.