53 Wood Street, Papakura

10 Bed

4 Bath

MIXED USE LAND BANK WITH HOLDING INCOME

Key Features include:

1,012m² Freehold land area
298m² residential building with 10 tenants
Returning $128,180 per annum
CV - $1,450,000 (2021)
Mixed Use zoning allows for huge development potential
Zoning height limit 16 metres
Superb land bank with safe holding income
Close proximity to Papakura CBD and the Southern Motorway

The subject property is located in the southern part of the central business district on the south side of Wood Street. It is approximately 460 metres to the northeast of the major intersection of O'Shannessey Street, Great South Road and Broadway. The Papakura train station is only 330 metres away to the east.

This opportunity could suit a long-term investor, developer or owner-occupier looking for a property that has all the right fundamentals.

For all information and viewing, please make contact today.

Sunny Anand

021 676 030

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