Prime pick in Papatoetoe

A rare opportunity has emerged in the heart of thriving Papatoetoe: a 2,261 square metre Business - Town Centre-zoned site is now available.

This prime, freehold property features a 370 square metre building and boasts exceptional visibility with 40 metres of frontage along Rangitoto Road.

The site's low coverage ratio is exemplified by an 1,800 square metre asphalt yard, fully secured with perimeter fencing.

This versatile property offers a range of potential uses, presenting significant upside and value-add opportunities for astute investors and developers.

The property currently hosts two tenancies on periodic leases, offering stable holding income while the new owner strategises the best next opportunity.

The adaptable configuration and prime central location of 26 Rangitoto Road make it an ideal candidate for potential redevelopment, offering investors flexibility and value-add opportunities.

26 Rangitoto Road, Papatoetoe is for sale by JLL via Deadline Sale, closing at 4pm on Thursday 5 th December 2024, unless sold prior.

The versatile property offers appeal across a range of buyer profiles.

For owner-occupiers, it provides an ideal workshop or car dealership space in a prominent location.

Investors will recognise the immediate potential for adding value through leasing or refurbishment, capitalising on the property's Business - Town Centre zoning and redevelopment flexibility.

Developers will see an attractive opportunity to transform this well-located site into a range of commercial activities, supported by the zoning that allows for intensive development.

JLL Senior Director, Jeremy Barnett, highlights the high-growth location that continues to attract businesses and developers as a key factor in the potential of 26 Rangitoto Road.

"Papatoetoe is an area where opportunity and accessibility intersect," says Barnett. "26 Rangitoto Road is not just about immediate functionality; it's about growth potential and development flexibility.

"With its Business - Town Centre zoning, this property offers rare scope for value-adding expansions or transformation. There is a range of possible building heights depending on the context.

"Provisions typically enable buildings of between four and eight storeys, although there may be special circumstances where other building heights are appropriate."

The site's prime position ensures tenants benefit from unrivalled connectivity and nearby amenities, from the Papatoetoe Train Station just 200 metres away, to convenient access to major arterial routes and motorways.

"Papatoetoe's ongoing revitalisation has provided a wealth of opportunities not only for the community, but the wider population," says JLL Director Danny Guise.

"The neighbourhood's future outlook, combined with this property's versatile layout and zoning, creates a unique investment proposition that truly stands out in today's market."

The future owner of this property has numerous avenues to maximise value, both immediately and in the longer term. Strategic location and a flexible layout make it attractive to commercial tenants, offering robust leasing potential and steady income streams.

Moreover, the Business - Town Centre zoning unlocks opportunities for intensive commercial development, positioning the property to capitalise on the area's growing demand and future expansion.

This versatility allows astute investors to align the property's use with market trends and their own investment strategies.

With Papatoetoe's continuous urban growth and revitalisation, 26 Rangitoto Road is positioned to remain in high demand. Investors and occupiers will appreciate the accessibility, functionality, and redevelopment possibilities in one of Auckland's most sought-after commercial hubs.

- Supplied by JLL