Warkworth
8 Fairwater Road, Warkworth, Rodney
Auction
(unless sold prior)
Prime childcare investment - long-term lease
• Established childcare tenant operating at capacity with 12 years to go on the first term lease
• Returns net $220,924.68pa plus GST with annual fixed rent reviews
• Convenient access to local community and Warkworth town centre
• Passive bottom-drawer investment
8 Fairwater Road, Warkworth forms part of an established service retail centre named “The Grange”. The subject property comprises a fully leased investment with 12 years remaining on the first term lease. It enjoys a net rental income of $220,924.68pa plus GST. The total area is 830.80sqm (approximately) including outdoor areas.
The property consists of a well-located Childcare Centre a short drive away from Warkworth Town Centre.
Opened in June 2016, the Warkworth Educare centre is licensed for 80 children. Educare was established in 2005 in Whangarei where they are now the proven market leaders in early childhood education.
Kate Kirby
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Dahnie Burton
Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Stephen Scott
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Floor area details
The total area is 830.80sqm (approximately) including outdoor areas.
Occupancy
Established childcare tenant operating at capacity with 12 years to go on the first term lease
Location
Convenient access to local community and Warkworth town centre
Opportunity
Passive bottom-drawer investment
Have your questions answered
Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.
Request more information
Contact us and have your questions answered.