2/81 O'Shannessey Street, Papakura - Commercial Freehold with Development Upside
Property Highlights:
• 596sqm freehold landholding
• Prime O'Shannessey Street frontage
• Two commercial tenancies leased to a single tenant
• New lease in place
• Net income of $70,320.84 + GST and outgoings
• 75% NBS
• Zoned Business - Metropolitan Centre
• Maximum height allowance of 40.5m
• Strong holding income with value-add or redevelopment potential (STCA)
Located at the core of Papakura's Town Centre, this freehold commercial property presents a compelling opportunity for investors, developers, and owner-occupiers seeking future-focused growth in an established metropolitan zone.
The property occupies a 596sqm site with prominent street-facing retail exposure along O'Shannessey Street. The building is configured into two commercial tenancies, currently leased to a single tenant under new lease agreements, providing a streamlined income profile with future flexibility.
The property generates a net annual income of $70,320.84 plus GST and outgoings, offering secure cash flow while preserving long-term upside.
Zoned Business - Metropolitan Centre, the site supports higher-density outcomes with a permitted building height of up to 40.5 metres, consistent with Council-led intensification strategies. The current leasing structure allows purchasers to pursue redevelopment, refurbishment, or owner-occupation strategies when market conditions align.
Papakura continues to strengthen as a key South Auckland centre, benefitting from ongoing infrastructure investment, strong transport connectivity, and close proximity to the motorway network and train station, both within walking distance.
