Papakura, Auckland

Multi-tenanted investment returning $118,182pa + GST with upside3,124sqm (more or less) freehold site in a growth locationFavourable Business – Metropolitan Centre zoning (40.5m height)Current vacancies and under-rented tenancies provide immediate add-value opportunitiesAdd-value investors, occupiers, and developers should inspect This substantial freehold property offers purchasers an opportunity to acquire a well-located, split-risk investment with a large underlying land holding providing add-value or redevelopment potential.The property offers a mix of established tenants, including the long-standing TAB tenancy, providing a significant split-risk income stream. Existing vacancies and under-rented tenancies providing immediate options to add-value. The property’s Business–Metropolitan Centre zoning provides future development opportunities in this rapidly expanding location.Located in the heart of Papakura, an established South Auckland suburb, this property offers proximity to the nearby train station and transport hub, various amenities, main north-south motorway system and nearby retailers include Woolworths, New World and Noel Leeming amongst others.Papakura is within one of Auckland’s fastest-growing multi-faceted regions and offers ease off access to multiple nearby, residential, and commercial precincts and developments including Karaka and Drury South.All viewings strictly by appointment with the sole agents.