Favoured by our Client, James Group are pleased to offer this prime parcel of commercial and residential property for sale by way of Price by Negotiation. This split risk investment offers a sale and leaseback of; a Superette, Liquor Store, Takeaway Shop, Laundromat, a ground floor Residential Apartment/office, 1st floor residential apartment, and storage, collectively to be returning $103,852 net per/annum. The leaseback price has been determined by a recent valuation. The property comprises three fee simple titles and is located in the heart of Papakura's residential suburbs, offering a perfect opportunity for investors or developers with a keen eye for redevelopment in the future.
Key Features:
- Leaseback - Fully Tenanted Split Risk Investment
- To be returning $103,852 net p/a
- Zoned Business Neighbourhood Centre
- 3 x Fee Simple Titles
- Prime location in populated area
- 576.15sqm Floor area
- Deadline Private Treaty - 29th April 2021
Available Upon Request: Information Memorandum, Lim Report, Record of Titles, IEP Report
Papakura is currently undergoing massive capital projects, and its strategic position between Manukau and Drury as well as the golden triangle of Auckland, Tauranga and Hamilton, will see the area transformed to one of Auckland’s most sought-after industrial hubs in the coming years. The commercial, industrial, and residential development in Drury and Stevensons Quarry will continue to improve property value in Papakura being so close to the new infrastructure. The Mill Road infrastructure also offers a great outlook for the future, for property value in Papakura and surrounding areas.
Henry Mann
021 191 1260
henrymann@jamesgroup.co.nz
Roman van Uden
027 313 8803
romanvanuden@jamesgroup.co.nz
Blair James
027 466 2187
blairjames@jamesgroup.co.nz
