29 Station Road, Manurewa offers a great opportunity to secure a high-yielding retail investment in the centre of a busy South Auckland hub. Returning $132,000 net per annum + GST and outgoings, the property is split across seven established tenancies with a 3.1-year WALT.
Positioned on a prominent 628sqm freehold corner site, the property enjoys excellent exposure and consistent foot traffic, just moments from Southmall and the Manurewa Train Station. Zoned Business – Town Centre, the property also offers future upside through rental growth and long-term flexibility.
Features:
* Returning $132k net p.a. + gst & outgoings
* Established split-risk retail with seven tenancies
* 3.1 years WALT with RoRs
* 628sqm freehold landholding
* High profile corner site location
* Business - Town Centre Zone
* Fantastic yield with rental growth
* Close proximity to Southmall and Manurewa Train Station
