46-50 Broadway, Papakura, Papakura

Land bank - development site

• Outstanding opportunity 4,694sqm (more or less)
• Development opportunity with concept plans for 43 residential units and five commercial units
• Holding income $305,000pa + GST from commercial tenants

An exceptional opportunity awaits to acquire a substantial freehold development site in the vibrant Papakura CBD. Its proximity to the Papakura train station and bus hub makes it incredibly convenient, and it's situated in a rapidly expanding area of South Auckland.

The property currently generates a substantial annual income of $305,000 + GST from existing tenants. There are detailed plans for 43 two-bedroom residential units and five commercial units, some of which will include garages or carports.

Given the high demand for housing in the local area, this development prospect is not one to overlook. With excellent access to public transport, including the nearby Papakura bus and train station, the property is well-positioned. Additionally, being centrally located in the Papakura CBD, it provides easy access to a plethora of retail stores, supermarkets, professional offices, and a diverse range of dining options, including the upscale Broadway Food Company featuring gourmet eateries.

Land bankers, owner-occupiers and developers must investigate further!

Piyush Kumar
027 410 4750
piyush.kumar@bayleys.co.nz

Peter Migounoff
027 492 0788
peter.migounoff@bayleys.co.nz

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz