High Profile Street Frontage Investment

52-58A, St George Street, Papatoetoe, Manukau City

By Negotiation

Proposed Usage
Retail
Floor Area
900.00 m²
Land Area
1000.00 m²
Description:
Property ID
1br4mph

- Freehold investment with 2 tenancies in 2 individual titles!
- Excellent street frontage in heart of Papatoetoe Town Centre
- Right opposite to the planned council mall redevelopment
- Sizeable land area approx. 971sqm zoned Town Centre under the PUAP

A superb opportunity to invest in one of the fast growing Auckland suburbs. The property is well situated along the main arterial road in the heart of the vibrant town centre surrounded by some anchor tenants e.g. New World Supermarket, major banks, and close proximity to all local amenities.

The front section comprises of a 2-level commercial building receiving wide frontage towards St George Street with ground level tenanted by Papatoetoe Fruit & Vege and upstairs as vacant office; the rear section leased to local Panel Beater - Ganley and Richardson Smash Repair. Two tenanted units consist of 791sqm floor area and generate total net income of $80,040 per annum + GST pa.

An opportunity not to be missed to secure this multiple income stream investment with great potential and rental upside..

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Papatoetoe Area