55/53 O'Shannessey Street, Papakura

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482m² Floor Area

364m² Land Area

TENANTED INVESTMENT WITH DEVELOPMENT POTENTIAL

KEY FEATURES:

Standalone Freehold title
Returning $69,520 per annum
Three tenancies
71% NBS (seismic) rating
Business - Metropolitan Centre zoning
Four-unit plan for first-floor living

The property at 55/53 O'Shannessey Street comprises a well constructed two-storey commercial building development with two ground-floor retail spaces and first-floor residential living. The property presents a unique opportunity for add-value investors to secure a commercial property on a standalone Freehold title.

Featuring Metropolitan Centre zoning (24.5m height limit), presenting a great redevelopment opportunity - or simply utilise as-is. The zoning permits care, education, and community facilities, along with health facilities to name a few.

Within close proximity to the Papakura transport hub with both trains and buses, making for an easy commute to Auckland and its surrounds.

For further information or to register your interest call the listing agent now.

Duncan Bell

021 577 325

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