Listing

Exciting opportunity awaits to acquire a freehold split-risk investment property situated in the vibrant heart of Papakura's Town Centre, offering untapped potential for savvy investors.

This 596sqm freehold site boasts a strategic location with prime retail frontage onto O'Shannessey Street. The building features two tenancies currently on short-term leases, presenting a unique prospect for both Owner-Occupiers and value-driven investors to capitalize on and enhance the property's overall worth.

Zoned as Business - Metropolitan Centre, with a development height limit of 40.5m, this property aligns with the Council's vision for intensification and development. The area has been earmarked for growth due to its close proximity to both the motorway and Train Station, conveniently within walking distance from the property.

This presents an opportune moment for astute investors to leverage the untapped potential and maximize returns in this strategically positioned investment.

Investment Features:
* 596sqm Freehold site
* Split risk Investment with 2 tenancies
* 75% NBS rating
* Zoned business metropolitan zone - height limit of 40.5m
* Short terms leases allowing for development or owner-occupiers
* Holding annual income of $45,619 + GST

For more information contact us today:

Jason Zhang (Harcourts Newmarket ) M: 027 414 3255 E: jason.zhang@harcourts.co.nz

Isaac Tankard (NAIHarcourts) M: 027 702 0663 E: isaac.tankard@naiharcourts.co.nz