Listing Description
Five Titles, Split - Return Investment
107 Great South Road, Papakura, Auckland
Asking price $3,200,000
Details
| Attribute | Value |
|---|---|
| Property type | Apartment |
| Agency reference | RYO30297 |
| Broadband in the area |
Description
- Superior corner site, total building spanning 895sqm (more or less)
- Five - Freehold unit titles over a land area of 459sqm (more or less)
- Zone: Business - Metropolitan Centre Zone - The LIM report states that the 'Auckland Unitary Plan (Operative in part) applies to this property
- Current combined returns are approximately $83,356.79pa + GST + OPEX for the commercial section and approximately $84,240pa residential rental returns
This modern and superbly presented property presents a compelling split risk return investment opportunity.
Boasting a superior strategic corner location containing 459sqm (more or less) at the gateway of the rapidly developing Papakura shopping precinct.
The property provides a collective floor area of 895sqm (more or less) comprising ground floor corner retail, first floor office space, three modern two-bedroom apartments and a total of seven secure onsite car parks and onsite secure storage areas.
Discerning buyers will surely benefit from the continuing redevelopment of the retail precinct, spearheaded over the years by a very positive and progressive Business Association. There is a consistent flow of new apartments, modern on-trend eateries and retail combined with excellent transportation facilities with the combined Papakura train and bus hub and the very close proximity of the ever-improving Southern motorway links.
Our vendor will consider individual sales of each title, but all titles will need to be unconditionally sold and settled contemporaneously.
Please contact us now for the information pack or to arrange an inspection.