12/77 St George Street, Papatoetoe, Manukau

Split-risk corner investment

Key features:
• On a high-profile town centre corner, with excellent foot traffic and visibility
• Strong mix of retail, commercial and residential tenancies ensuring stable cash flows
• Seismic rating of 92% of NBS (Grade A)

An exceptional opportunity to acquire a high-performing mixed-use asset in the heart of Papatoetoe's bustling commercial hub, a rapidly developing area with increasing demand for commercial and residential spaces. This well-positioned property offers a diversified income stream with retail and residential tenancies, making it an attractive proposition for investors seeking stable returns and long-term growth potential. This property is within close proximity to key transport links, Papatoetoe train station and bus exchange, and essential amenities, enhancing tenant desirability.

This property ensures a diversified net income of $234,373pa, comprising $141,293pa + GST from four retail tenancies and $93,080pa from three residential tenancies. Full tenancy details available on request.

Sanjay Vaziranni
020 594 15555
sanjay.vaziranni@bayleys.co.nz

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