Investment Highlights:
• Returning $168,728.52 net per annum
• First time on the market in 28 years
• Six retail shops plus a three-bedroom accommodation unit
• Four established tenants in place
• Tenant mix includes dairy, takeaway, liquor store, and bakery/café
• Shop 6 vacant - immediate value-add opportunity
• Strong suburban retail location in Manurewa
• Established residential catchment and consistent foot traffic
• 100% NBS rating
A rare opportunity to secure a tightly held suburban retail investment in the heart of Manurewa, offered to the market for the first time in 28 years. Positioned within a strong residential catchment, this asset presents a compelling blend of secure income and future value-add potential.
The property comprises six retail tenancies plus a three-bedroom accommodation unit attached to the dairy tenancy, delivering multiple income streams within a single freehold investment. It currently returns $168,728.52 net per annum and benefits from a 100% NBS (New Building Standard) rating, providing investors with confidence in the structural integrity of the asset.
The property is currently occupied by four established tenants, including a dairy, takeaway, liquor store, and bakery/café, all servicing the surrounding residential community. Shop 6 is vacant, providing an immediate opportunity to lift income through leasing.
Situated in a busy neighbourhood retail strip, the property benefits from consistent local foot traffic and strong support from the surrounding residential population, underpinning long-term tenant demand.
This is a rare opportunity to acquire a diversified suburban retail investment with strong income and clear upside potential, in a tightly held South Auckland location.
For Sale by Auction (unless sold prior).
For further information or to arrange an inspection, please contact the sole agents.
Disclaimer: The floor and land area sizes provided have been sourced from Relab, Property Smart, or Auckland Council (LIM) documents. These measurements have not been independently verified by the Salesperson or South Realty Ltd. Additionally, for website functionality, the property may have been filtered into a specific price range. All prospective purchasers are advised to conduct their own due diligence, obtain independent legal and expert advice, and verify all details provided during the property's marketing campaign. This includes but is not limited to, floor and land sizes, boundary lines, underground services, and any relevant scheme plans or consents.
