Listing Description
Strategic Manukau corner with future control
2/53 Cavendish Drive, Manukau, Manukau City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Agency reference | 1906583 |
Description
Key features:
- Returning $98,899.08pa + GST and Outgoings
- Prominent corner position with strong exposure
- Appealing to passive investors, future owner-occupiers, and add-value buyers
- Generous car parking
Positioned in the tightly held Manukau Central commercial precinct, this high-profile corner unit occupies a prominent site along Cavendish Drive, offering strong exposure and excellent accessibility within one of South Auckland's most established commercial locations.
The property is fully leased to Beau Ideal Limited trading as Advantage Tyre Solutions, returning $98,899.08 per annum + GST, with the current lease commencing 1 January 2023 and expiring 31 December 2027, providing holding income from an established automotive operator.
The approaching lease expiry presents a clear opportunity for future owner-occupiers seeking a strategic Manukau base, or add-value investors looking to reposition the asset and reset rental levels.
Located with excellent connectivity to State Highways 1 and 20, Westfield Manukau, Auckland Airport, and surrounding commercial hubs, the property represents a strategic metropolitan holding with future flexibility.
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