Been in the same family for 30 years and it's time to sell. Being sold with one vacant space and two short-term tenancies in place, with a current income of $45,986 per annum including rates and insurance. The property has significant rental upside.
The single-level building comprised of three unit titles being retail/office tenancies with basements, with a total building area of approx. 581m² situated on 496m² of land.
Zoning - Business Metropolitan Centre which typically allows for high-rise buildings. The zone provides for a wide range of potential activities including commercial, leisure, high-density residential, tourist, cultural, community and civic services.
The property is located in a high visibility location close to the train station and main street of Papakura.
The building has a 90% NBS rating. Ideal for owner-occupiers, investors and developers.
This property has lots of twists being sold with three titles, short-term tenants and significant rental upside. Enquire now for a full information pack.
See this listing on Barfoot & Thompson
