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Listing Description

Listed: Wed, 1 Nov

Modern freehold split-risk investment

Block B/42 Kouka Road, Beachlands, Manukau City, Auckland

Price by negotiation

Details

  •   940m² Floor
AttributeValue
Property use
Retail
Agency reference
1904889

Description

  • Standalone building spanning 940sqm (approximately)
  • Freehold land of 628sqm (more or less) zoned for Business Local Centre
  • Currently returning $269,882.30pa + GST and OPEX from multiple tenants
  • Modern construction with outstanding amenities completed in 2018

This property in Beachlands presents a compelling investment opportunity with its 628sqm (more or less) freehold land and a 940sqm (approximately) standalone building featuring four ground floor retail and five first-floor office spaces. This contemporary structure with excellent amenities was constructed in 2018.

Situated in the established 'Pohutukawa Shopping Centre', this rare asset offers investors a split-risk investment with long-term leases, ensuring a reliable cash flow. The building, boasting a mix of retail and office tenancies, is 90% leased, and there's potential to add-value or utilise the 140sqm (approximately) upper-level vacant unit.

Benefiting from a high-profile location in Beachlands, surrounded by established retailers and increasing residential development, this property aligns with the areas growth. Beachlands' appeal is its proximity to the beach and marina, and accessibility to key locations like Auckland Airport, CBD, and Botany Town Centre. The fully serviced marina at Pine Harbour, offering a ferry service to central Auckland, adds to the property's strategic location.

Piyush Kumar 027 410 4750 mailto:piyush.kumar@bayleys.co.nz

Peter Migounoff 027 492 0788 mailto:peter.migounoff@bayleys.co.nz


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Agent's details

Enquire about the property

Bayleys Manukau C & I, (Licensed: REAA 2008)

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