Key features:
• Nine income streams from five commercial tenants, three residential units and signage rights
• Total rental income of approximately $264,756pa across the commercial and residential components
• High-profile corner site with dual road access and outstanding exposure
• 1,491sqm (more or less) of freehold land with 23 on-site car parks
An investment of genuine scale and versatility, 91 Mangere Road combines nine income streams, a substantial freehold landholding and a commanding corner position in one of South Auckland's most established commercial locations.
Offered for sale for the first time in over 40 years, the property generates diversified income from five commercial tenancies, three residential units and valuable signage rights. The commercial component, including signage rights, returns approximately $173,236pa plus GST, while the residential accommodation generates approximately $91,520pa. The signage rights provide an additional income stream, further strengthening the property's split-risk investment profile.
The established commercial mix includes a supermarket, liquor store, restaurant, laundromat and barber shop, supported by three residential units. This diverse tenancy profile reduces reliance on any single occupier and provides investors with multiple sources of established income.
Prominently positioned at the intersection of Mangere Road and Walmsley Road, the property benefits from excellent frontage, strong visibility and convenient dual access. The 1,491sqm (more or less) freehold site accommodates approximately 746sqm of floor area and 23 on-site car parks, providing excellent functionality for tenants and customers.
The property is strategically located near Ōtāhuhu Town Centre, Ōtāhuhu Train Station, Middlemore Hospital, established schools and major arterial routes. Residential - Mixed Housing Urban zoning adds another dimension, combining immediate holding income with potential long-term upside.
Nine income streams, substantial freehold land and a high-profile corner position make this a compelling investment opportunity. Contact the Bayleys team today for further information or to arrange an inspection.
