Key features:
• Fully leased, multi-tenanted property with a net lettable area of 1,229.70sqm (approximately) on a freehold land parcel of 4,741sqm (more or less)
• Nine ground floor retail tenancies including one with residential accommodation, plus two first-floor office tenancies
• Substantial car parking providing convenience for tenants and customers
• Combined net annual income of approximately $222,286pa plus GST
• Located in a favourable Business - Neighbourhood Centre zone
• NBS rating of 70%, Grade-B
• Strategic corner location at Rushgreen Avenue and Elliot Street in Papakura
Locally known as the 'Pahurehure Shops', this suburban shopping centre is on the market for the first time in 27 years, offering a unique chance to acquire a prime commercial property.
This substantial retail/commercial convenience centre with future development potential is close to Papakura CBD and major Southern motorways. It generates a combined annual income of circa $222,286pa plus GST and is fully occupied by a diverse range of tenants including a superette, liquor store, bakery, takeaway, chemist, laundromat, cheese factory, hairdresser and a couple of professional offices.
Investors will appreciate the steady income from multiple tenancies, offering cash flow stability and future rental growth opportunities. The diversity of occupants adds resilience to your portfolio. Land bankers and developers should explore the future development potential to maximize this property's value.
This is a must-see for investors, land bankers, and developers. Act now to secure this exceptional opportunity!
For more information or to arrange a viewing, contact us today.
