The vendors are looking to free up capital from their property portfolio, bringing this long-held Papakura investment to the market.
Positioned on a high-profile corner site, the property comprises approximately 726m² of net lettable area across six tenancies, anchored by OPSM and Instant Finance currently returning approximately $191,916 p.a. net + GST & OPEX.
Located on Great South Road in the heart of Papakura, the property benefits from strong exposure, foot traffic and convenient access to local amenities, public transport and motorway connections. The tenancy mix includes a range of retail and professional service occupiers.
All leases incorporate fixed rental increases, providing diversified income across six tenants with built-in rental growth.
8/143 Great South Road presents an opportunity to secure a well-located, split-risk investment with strong underlying fundamentals.
Having performed exceptionally well, the asset is now ready to transition to its next owner, with the vendors inviting a new purchaser to take over this well performing investment.
Contact the sole agents to find out more or arrange a viewing:
Will Bason
+64 21 0837 9312
Ryan Gibb
+64 21 826 421
Gawan Bakshi
+64 21 31 31 48
Features:
* Six established commercial tenants
* Approximately 726m² net lettable area
* Business - Metropolitan Centre Zone
* Located in the heart of Papakura township
* Excellent access to key amenities, motorway networks and public transport.
