sold
With a strong background in property management, investment, development, sales and leasing – Finn has a very broad skill set and joined the Ray White Commercial Auckland group as a co-director after merging his strong boutique city and fringe sales and leasing team. After completing a Bachelor of Business Studies Degree in Property Management and Development, Finn set up a property management company for an Auckland residential Real Estate company, before shifting to London to live for five years. There, Finn worked as an Acquisition Manager for a Property Investment Firm before returning to New Zealand in 2007.
RWC is proud to present 15A-D & 15F Neville Street, Warkworth exclusively For Sale with an asking price of $2,700,000 (plus GST). This is a great opportunity to acquire a high yielding asset in an area of rapid growth.
Located 1 hour north of Auckland in the satellite town of Warkworth, this investment opportunity represents a very smart investment to take advantage of the rapidly growing and highly desirable region. The building itself is very well carparked, and is located between the Countdown and New World Supermarkets, and a short distance from Queen St and the town centre.
On offer is 4 of the 5 ground floor retail units within the building, along with the whole top floor office space which includes wrap around balconies with views to the north and west across the town. A total of 18 carparks are included with the 5 units offered for sale.
The units have a current passing income of $169,195pa net with one vacant retail tenancy to be occupied or leased. Based on the asking price this reflects a 6.2% yield on passing income with the opportunity to increase this to 7% plus once fully leased.
With the Warkworth region being a identified as a satellite town in the Auckland Plan acting as a rural node, it is planned to service significant business and residential growth. Investment in infrastructure is well underway including the recently completed Northern Motorway Extension. This is an opportunity to beat the rush, and will be looked back upon as a wise long term investment.
Key Features • Business-Town Centre Zone • 4 Retail Units & 1 Office Unit • Passing Income $169,195pa net • Achieve 6.2% on Passing with plenty of upside • 18 Carparks
15A-D & 15F Neville Street, Warkworth is offered for sale with an asking price of $2,700,000 plus GST.
For further information, please get in touch with the exclusive selling agents:
Finn Hurst 027 688 8970 finn.hurst@raywhite.com
Mike Hoeft 021 560 491 mike.hoeft@raywhite.com