Split-risk investment with development upside
107 Harris Road, East Tamaki, Manukau City, Auckland
Price by negotiation
- 3034m² Floor
- 8093m² Land
- Commanding 8,093sqm freehold site on key East Tamaki arterial
- 3,034sqm (more or less) comprising trade retail and industrial
- Currently returning approximately $712,834pa net + GST
- Split-risk investment with superb development upside
107 Harris Road offers a rare opportunity for purchasers to acquire a strategic investment with future development upside. Underpinned by 8,093sqm (more or less) of freehold land, the property benefits from nine separate tenancies, seven of which are returning a combined rental of approximately $712,834pa net + GST, with further uplift from two small vacancies.
The four trade retail tenants offer long-term and strong covenants while the remaining short-term industrial tenancies allow for development potential and future upside.
The property enjoys a high-profile position on Harris Road, one of East Tamaki's main arterial routes, and houses a vast range of commercial and industrial occupiers. With just 38% site coverage and an attractive diversified income, this offering should appeal to a range of investors, owner-occupiers and developers.
Call now for more information.
Tim Bull 021 127 1831 mailto:email@example.com
James Hill 021 599 529 mailto:firstname.lastname@example.org
Sunil Bhana 021 938 660 mailto:email@example.com