13 Porchester Road, Papakura, Papakura

Split-risk investment with three income streams

Joint Sole agency

Key Features:
• 886.71sqm floor area on a 1,656sqm Freehold site.
• Fully let, returning $129,110 net pa plus GST.
• Three (3) x income streams reducing investment risk.
• Dance school leases Six (6) dedicated car parks.
• Option to purchase 15 Porchester Road next door.
• For Sale by Deadline Sale - 29 October 2025 (unless sold prior).

Positioned on a 1,656sqm Freehold Title in the heart of Papakura, 13 Porchester Road presents an attractive industrial split-risk investment opportunity. The property comprises 886.71sqm of functional floor area, fully let to three established tenants on recently secured leases. Zoned Business Light Industry, the site offers secure long-term holding income with embedded rental growth.

The tenant mix includes AR Cars Limited, Rapid Facilities Services, and Great South Dance Academy. AR Cars occupies the majority of the site in the rear tenancy under a fresh three-year lease. Rapid Facilities Services occupies the front tenancy on a 4.5-year term, alongside their lease at the neighbouring property, 15 Porchester Road (also available for purchase). Great South Dance Academy hold a ten 10-year lease over six (6) dedicated car parks at the front of the property. Together, the leases generate a combined income of $129,110 net per annum plus GST with fixed annual rental increases.

There is also an opportunity to acquire 15 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