4-6 Averill Street, Papakura, Papakura

Multi-tenanted investment with opportunities

• Large 3,124sqm (more or less) freehold site in a growth location with rooftop parking
• Multi-tenanted investment returning $232,906pa + GST with potential upside
• Favourable Business - Metropolitan Centre zoning provides future options
• All add-value investors, occupiers, and developers should inspect

This substantial freehold property with excellent on-site parking and the potential to increase the current rental income offers purchasers an opportunity to acquire a well-located, multi-tenanted investment with underlying land providing add-value or redevelopment potential.

The property offers a mix of established tenants, which provides a significant split-risk income stream, and the property's Business-Metropolitan Centre zoning provides significant future development opportunities in this rapidly expanding location.

Located in the heart of Papakura, an established South Auckland suburb, this property offers proximity to the nearby train station and transport hub, various amenities, main north-south motorway system and nearby retailers include Woolworths, New World and Noel Leeming amongst others.

Papakura is within one of Auckland's fastest-growing multi-faceted regions and offers ease off access to multiple nearby, residential, and commercial precincts and developments including Karaka and Drury South.

All viewings strictly by appointment with the sole agents.