• 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.