Huge Opportunity To Add Value

4-6, Averill Street, Papakura, Papakura

By Negotiation

Proposed Usage
Retail
Floor Area
2549.00 m²
Land Area
3124.00 m²
Description:
Property ID
1bb2r18

Prime location in the heart of Papakura close to train and bus station.

Income stream from a mix of tenants of approximately $220,000pa. Ground floor retail with seven tenancies and a net building area of 2,549sqm. Rooftop parking for approx. 140 cars. Development upside with huge potential on a land area of 3,124sqm.

Developers and investors, explore all the options this sizable building and land holding provides. The "Mixed Use" zoning allows for a wide range of uses including residential with the Proposed Auckland Unitary plan set to allow a maximum height of 21 metres.
A rare opportunity has arisen to acquire a large building in the heart of Papakura with good income of approximately $220,000pa.

The property offers huge upside to develop further by building up and adding apartments above the carpark or just enjoy the current income.

Only metres from the transport hub with both trains and buses makes for an easy commute to Auckland and close by neighbours include Countdown, Noel Lemmings, Papakura Library and a number of Bars and Restaurants. .

Enquire about this property

Papakura Area