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327 Great South Road, Otahuhu, Auckland City

By negotiation

412m²

Occupy or Great Cash Flow Investment

Located at 327 Great South Road, Otahuhu is this Freehold two-level commercial property prominently positioned in the centre of Great South Road in Otahuhu town centre. The 562m² floor area over two levels sits on 412m² freehold land, providing car parking at the rear of the building and great exposure to the main street.

Current CV is $2,250,000.

Otahuhu is a high-growth suburb, neighbouring suburbs of Papatoetoe, Mangere, Mt Wellington and Penrose. It serves as an important part of Auckland's Southern transport network with a major bus interchange, train station, plus access to main arterial routes and SH1, SH2 motorway on and off ramps.

KEY FEATURES:

• Fee Simple Freehold 412m² land

• 562m² floor area over two-levels

• Ground floor is trading as a retail business - South Pacific Clothing

• Rental $100,000 p.a. plus GST with four year lease term and fixed rental

• 250m² (approx) upstairs accommodation - 250m² approximately

• Accommodation includes seven rooms, two bathrooms, large kitchen, new heat pump and it's own entrance and Healthy Home Certificate

• Car park at the rear of the building

• Central location with great profile

• Business Town Centre zone allows both commercial and residential activities

Here are the options for you:

• Receive rental income from the downstairs tenant and live upstairs or use it as an office.

• Rent out the upstairs accommodation/office as well and get two rental incomes which offers a great cash flow.

For further information or to arrange a viewing, contact us today!

See this listing on Barfoot & Thompson

Additional details

Type

House

Property ID

857193

Listed on

09/11/2023

Updated

19/10/2024

Data

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OneRoof estimateRating valuationProperty history

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Property data

Broadband available

Floor area

611m²

Land area

412m²

Unitary Plan

Zone 22 Business - Town Centre Zone

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Ōtāhuhu, Auckland City

Otahuhu is a suburb within Auckland’s Territorial Authority. It is one of 269 residential suburbs in the region and ranks as the 43rd largest suburb by total housing stock.

The suburb boasts a rich blend of history and development, with the oldest homes dating back to the 1880s. However, Otahuhu experienced a construction boom in the 1970s, with the majority of its housing built during that period. Approximately 92% of homes in Otahuhu are owner-occupied, while the remaining 8% are investment properties.

Otahuhu is centrally located, providing easy access to the Auckland CBD and Southern Suburbs. The area has several notable amenities, including the Otahuhu Shopping Centre, Sturges Park and the Otahuhu Pool and Leisure Centre. A hub of cultural diversity, accessibility to urban conveniences and employment opportunities, Otahuhu is a bustling suburb with a strong community spirit.

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