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Listing Description

Listed: Thu, 2 Nov

Split-risk investment with development upside

107 Harris Road, East Tamaki, Manukau City, Auckland

Price by negotiation

Details

  •   3034m² Floor
  •   8093m² Land
AttributeValue
Property use
Industrial
Agency reference
1904886

Description

  • 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:tim.bull@bayleys.co.nz

James Hill 021 599 529 mailto:james.hill@bayleys.co.nz

Sunil Bhana 021 938 660 mailto:sunil.bhana@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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