29 Station Road, Manurewa, Manukau City, Auckland

29 Station Road, Manurewa offers a great opportunity to secure a high-yielding retail investment in the centre of a busy South Auckland hub. Returning $132,000 net per annum + GST and outgoings, the property is split across seven established tenancies with a 3.1-year WALT. Positioned on a prominent 628sqm freehold corner site, the property enjoys excellent exposure and consistent foot traffic, just moments from Southmall and the Manurewa Train Station. Zoned Business – Town Centre, the property also offers future upside through rental growth and long-term flexibility.

Features:

• Returning $132k net p.a. + gst & outgoings
• Established split-risk retail with seven tenancies
• 3.1 years WALT with RoRs
• 628sqm freehold landholding
• High profile corner site location
• Business - Town Centre Zone
• Fantastic yield with rental growth
• Close proximity to Southmall and Manurewa Train Station

More information: https://www.colliers.co.nz/p-NZL67040295