This exceptional investment opportunity occupies a high-profile corner site in the heart of Papatoetoe, offering strong fundamentals and long-term income security.
Set across two fee simple titles, the site spans a combined land area of 2,557m²:
• Title 1 - approx. 1,619m²
• Title 2 - approx. 938m²
A substantial standalone building of approximately 850m² (gross floor area) sits prominently on the site and is complemented by generous on-site car parking.
The property is fully leased to a well-established residential care provider and an excellent track record in managing rest home facilities. This tenant offers both reliability and stability, making it an ideal hands-off, passive investment for savvy buyers. Whether you're seeking a solid addition to your investment portfolio or a strategic land holding with future development potential, this property delivers on all fronts.
KEY FEATURES:
• 850m² building on 2,557m² of Freehold land
• Zoned Residential – Mixed Housing Suburban
• Corner site with excellent exposure and accessibility
• Ample on-site car parking
• New lease commencing 1 December 2025
• Seven-year lease with seven renewals of seven years
• Rent - $285,000 per annum + GST and OPEX
For more information or to arrange a viewing, please contact the listing agent.
See this listing on Barfoot & Thompson
