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Papatoetoe

12 Lambie Drive, Papatoetoe, Manukau

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4,894sqm Floor area
2,718sqm Land area SQM

Tender

Fully Leased Investment with Add-Value Upside


- Fully leased investment returning $588,100 net + GST p.a. from 11 tenancies
- Underdeveloped 7,219sqm strategic land holding
- Established and popular Manukau City location
- Diversified income streams with future development potential - a must view

Grab this opportunity to secure a fully leased investment property, which offers a huge cash flow from a total of 11 separate tenants and future development potential. Located in the established and sought after Manukau City retail area, this property occupies a high profile site of 7,219sqm (more or less) with frontage to Lambie Drive, a key growth retail location. A total of 11 tenancies are comprised of a mixture of office and warehouse accommodation, with generous car parking surrounding the buildings.

Astute purchasers can look to take advantage of rental growth in this increasing popular location and further increases in the cash flow, or simply land bank for future development and enjoy the cash flow. Fully leased this workhorse represents a rare opportunity to secure a high yielding asset with future development upside - don't miss this one.

Tender

4 Viaduct Harbour Ave, Auckland

1

Mar

Time4pm
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Alan Haydock

Alan Haydock


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Damien Bullick

Damien Bullick


Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Land area


7,218sqm (more or less)

Land tenure


Freehold

Location


Manukau City