PASSIVE INVESTMENT WITH DEVELOPMENT POTENTIAL

105, King Street, Pukekohe, Franklin

By Negotiation

Proposed Usage
Retail
Floor Area
386.00 m²
Description:
Property ID
1c0ld3p

For sale, well located Pukekohe investment encompassing a land area of 617m² and a single level building of approx. 375m² plus 22m² lean-to at rear.

Currently leased for an approximate total rental of $93,500 + GST, it comprises two retail tenants (one tenant net lease and one tenant gross lease) with two other tenants leasing three rear carparks at rear. Zoning is "Business - Town Centre" providing future development potential typically enabling buildings of between four and eight storeys for increased intensification including office and residential uses at upper floors.

Located in Pukekohe CBD and situated towards the centre of King Street, this property will be sort after.

Ideal for investors or developers with holding income.

The building has an IEP report of 26% NBS.

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Pukekohe Area