Property listing ID: 4028759
The split-risk investment opportunity is zoned Business - Town Centre and is located in the main commercial area of Papatoetoe. The building is divided into three commercial premises - Ganley & Richardson Smash Repairs, NZ Fruit & Spices, and first-level residential living. INVESTMENT HIGHLIGHTS: • Rare opportunity - the property boasts a Town Centre zoning, making it a unique investment opportunity in the central Papatoetoe area • Split risk - with three tenancies, the investment offers the advantage of diversified rental income streams, reducing risk • Strategic location - situated in close proximity to the Manukau, Otahuhu, and both SH1 and SH20, the property benefits from its strategic location, providing convenient access to amenities and services • Future rental growth - the property has the potential for future rental growth, allowing investors to capitalise on increasing market demand and maximise returns • Future redevelopment potential - in addition to its current use, the land holds potential for future redevelopment, providing opportunities for further value appreciation UNIT A: • Area - 900m² • Tenant/s - NZ Fruit & Spices and residential living (L1) UNIT B: • Area - 419m² • Tenant - Ganley & Richardson Smash Repairs Don't miss out on this outstanding chance, suitable for both investors and prospective owner-occupiers eager to acquire a remarkable property on the high-profile Saint George Street. Take action today and get in touch with the sole agents for more details.
Listed by Barfoot & Thompson , Ruby Huang (Ellerslie) , South Auckland Commercial Commercial (South Auckland Commercial)