Papakura - MIXED USE LAND BANK WITH HOLDING INCOME

Description

Barfoot & Thompson Residential are pleased to exclusively present for sale by deadline private treaty, 53 Wood Street, Papakura closing 12:00pm, Wednesday 1 May 2024 at 201-203 Great South Road, Papakura (unless sold prior).

• 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.