736sqm 700sqm
• Two (2) level standalone commercial building with flexible leasing profile
• 736sqm freehold site with a 700sqm town centre commercial building
• High exposure location with 17 on-site car parks
This is an opportunity to acquire a well-located town centre commercial property offering holding income with clear upside through future leasing or occupation of the ground floor tenancy, subject to requirements.
The property comprises a two (2) level standalone commercial building situated on a 736sqm (more or less) freehold site in the heart of Papatoetoe Town Centre. The building provides 700sqm (approximately) of floor area and benefits from dual exposure and dual frontage with access from both East Tamaki Road and Simon Lane. It features a regular and efficient building configuration, multiple access points, compliant fire egress, and a strong seismic profile rated A+ enhance the overall functionality of the asset. These attributes support suitability for owner-occupiers and value-focused investors, and provide flexibility for future
remodeling to suit a range of commercial uses.
The first floor is occupied on a month-to-month basis, providing holding income with flexibility, while the ground floor of 250sqm (approximately) is currently vacant, presenting an immediate opportunity to enhance returns through leasing or owner occupation.
