15 Porchester Road, Papakura, Papakura

Long WALT, strong returns

Joint Sole agency

Key Features:
• Great South Dance Academy - 10-year term
• Rapid Facilities Services - 5-year term
• Combined income of $236,319.73 net pa plus GST
• 7-year WALT
• 1,494sqm building on 2,142sqm Freehold site
• Recently refurbished amenities
• Zoned Business Light Industry
• For Sale by Deadline Sale - 29 October 2025 (unless sold prior)

Introducing an exceptionally rare opportunity to purchase a recently refurbished split-risk investment showcasing excellent income streams with upside from committed tenants.

In the heart of Papakura, sitting on a 2,142sqm Freehold Title, this site comprises 1,494sqm of total floor area, split between two established tenants on long-term leases.

This well-presented property is home to South Auckland's largest dance school, Great South Dance Academy, and Rapid Facilities Services, a nationwide facilities management business with contracts to the likes of Coca-Cola, Tegel and Fonterra. Both tenants have recently recommitted to new leases, extending their commitment to the property and reflecting their continued growth and regional footprint. Collectively, both tenancies return $236,319 net per annum plus GST. These leases are underpinned by fixed annual rental growth and market rent reviews.

There is also the opportunity to acquire 13 Porchester Road, the neighbouring site, which is fully let, offering greater scale, security and flexibility for investors.

Roman van Uden
027 313 8803
roman.vanuden@bayleys.co.nz

Tom Doyle
021 062 6261
tom.doyle@bayleys.co.nz