Property listing ID: 4114833
• Freehold 905m² site in the heart of Papatoetoe • Four income streams returning $330,129 per annum • Substantial 697m² mixed-use building with retail, hospitality, and potential residential accommodation • Business - Town Centre zoning with a 34.5m height variation control • Just 200 metres from Papatoetoe Train Station and the retail precinct Secure a high-profile mixed-use investment in the established Papatoetoe town centre. Positioned at 27 Shirley Road, this substantial Freehold holding provides diversified income across four tenancies while offering compelling long-term development potential. The property comprises approximately 697m² of improvements on a 905m² Fee Simple site. Its tenancy mix includes a ground floor superette, extensive restaurant premises with commercial kitchen and alfresco dining areas, ancillary accommodation, and a four-bedroom first-floor residential apartment. Purchasers must make their own enquiries in relation to the suitability of the property for the current uses. The property is reportedly returning $330,129 per annum, with the commercial leases structured on a net basis and subject to annual CPI reviews. The mix of commercial and residential income provides a diversified cashflow profile, underpinned by established hospitality occupiers. We note that no copy of any residential tenancy has been received, purchasers must make their own enquiries in relation to any leases. Located on the eastern side of Shirley Road, just off the St George Street and Station Road intersection, the property benefits from strong surrounding amenity, including local retailers, banks, hospitality operators, New World supermarket, bus services, and Papatoetoe Train Station. With Business - Town Centre zoning and a 34.5m height variation control, the site presents an attractive future land-banking or redevelopment proposition, subject to purchaser due diligence and relevant approvals. Opportunities to acquire a standalone, income-producing Freehold site of this scale in central Papatoetoe are seldom available. Call now for further information. Note: this advertisement and any details regarding existing leases are compiled from third-party records. The mortgagee and its agents provide no warranties regarding the accuracy, validity, or status of this information. Prospective purchasers must rely on their own independent due diligence and legal review.
Listed by Barfoot & Thompson , Colin Stewart (City Commercial) , Reese Barragar (City Commercial)