Listing #:1721966101

Tenanted Investment with Future Development Upside

Location: 7 Markedo Place, Papakura, Auckland
Property use: Industrial
Floor area: 223m2
Price: To be sold by deadline sale (by 3 Sep)
Property ID#: FXC473
Here's your opportunity to purchase a tenanted free hold investment with development upside in the future! Located in the increasingly desirable location of Papakura, DC Weld Limited have occupied the premises since 2004 and a new six year term lease will commence from settlement. With the current site coverage at 15%, the future development potential will certainly appeal to a lot of investors and developers.

Key Features:
• 204sqm High Stud Warehouse
• 2,004sqm fee simple freehold site
• Six (6) Year Initial Term lease from settlement
• Returning: $70,000 Net PA
• Tenanted Investment with development upside in the future

For Sale by Deadline Private Treaty ending at 4pm on 3 September 2018 (unless sold prior).

Located just approximately 33km South of Auckland CBD and 22km from Auckland Airport, Takanini and Papakura are increasingly regarded as some of Auckland's fastest growing and top emerging commercial and industrial hubs. Both locations are supported by a local labour force, are in close proximity to SH1 and are one of the few suburbs still offering both land and affordable rentals.

Viewings are by appointment, contact the SOLE AGENTS to register your interest.

Peter Hwang
021 133 3113
peterhwang@jamesgroup.co.nz

David Annan
021 292 0104
davidannan@jamesgroup.co.nz
NOTE: All prices are exclusive of GST (unless otherwise stated)

Agency reference #: JG02151
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Deadline sale
7 Markedo Place, Papakura, Papakura, Auckland
Deadline sale
Listed: Fri 3 Aug, 7:41 pm
Peter Hwang
James Group Limited , (Licensed: REAA 2008)
  • Contact details
  •  (09) 2539330
  •  (09) 2539330

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Agent's details

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Peter Hwang
David Annan
James Group Limited , (Licensed: REAA 2008)
(09) 2539330
Log in or register to email the agent.
Expires: Thu 27 Dec, 7:41 pm
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