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Papatoetoe - OCCUPY, DEVELOP OR INVEST - PAPATOETOE
Price | |
Location | Units A&B/52-56 Saint George Street, Papatoetoe |
Type | Retail Property |
Floor Area | 1300 m2 |
Land | m2 |
Listing No # | 4028759 |
Listed | 3/05/2024 |
Views | 14 |
Description
Barfoot & Thompson Commercial is proud to be exclusively appointed to market 52-56 Saint George Street, Papatoetoe, for sale by deadline private treaty closing 2:00pm, Wednesday 5 June 2024 (unless sold prior) at GF, RSM House, 62 Highbrook Drive, East Tamaki.
The split-risk investment opportunity is zoned Business - Town Centre and is located in the main commercial area of Papatoetoe. The building is divided into three commercial premises - Ganley & Richardson Smash Repairs, NZ Fruit & Spices, and first-level residential living.
INVESTMENT HIGHLIGHTS:
- Rare opportunity - the property boasts a Town Centre zoning, making it a unique investment opportunity in the central Papatoetoe area
- Split risk - with three tenancies, the investment offers the advantage of diversified rental income streams, reducing risk
- Strategic location - situated in close proximity to the Manukau, Otahuhu, and both SH1 and SH20, the property benefits from its strategic location, providing convenient access to amenities and services
- Future rental growth - the property has the potential for future rental growth, allowing investors to capitalise on increasing market demand and maximise returns
- Future redevelopment potential - in addition to its current use, the land holds potential for future redevelopment, providing opportunities for further value appreciation
UNIT A:
- Area - 900m²
- Tenant/s - NZ Fruit & Spices and residential living (L1)
UNIT B:
- Area - 419m²
- Tenant - Ganley & Richardson Smash Repairs
Don't miss out on this outstanding chance, suitable for both investors and prospective owner-occupiers eager to acquire a remarkable property on the high-profile Saint George Street.
Take action today and get in touch with the sole agents for more details.
Contact our agents
Barfoot & Thompson Ltd (Licensed: REAA 2008) - South Auckland Commercial
Auckland , 2103