• High-profile freehold corner site
• Mix of retail and hospitality uses
• Metropolitan Centre zoning
• Current net income: $101,000 pa + GST
• Tenants include a barber shop and takeaway
• 70% NBS seismic rating
Positioned prominently on the north-western corner of Wood Street and Great South Road, this two-level commercial building offers secure income and long-term upside. The property comprises 332sqm (more or less) of lettable area on a freehold 239sqm (more or less) corner site.
Fully leased and returning $101,000 net pa + GST, the property features ground-floor barber and takeaway tenancies, with the residential first-floor accommodation forming part of the two commercial leases — providing strong split-risk attributes for investors.
Located just 200m south of the Papakura CBD, the property benefits from excellent local amenities and strong connectivity, with the Papakura motorway interchange only 2km away and Auckland CBD approximately 35km to the north.
Papakura continues to undergo considerable commercial, industrial, and residential growth across Takanini, Papakura, and Drury, underpinning rental demand and supporting future property value uplift.
Piyush Kumar
027 410 4750
[email protected]
Peter Migounoff
027 492 0788
[email protected]
