79-85 Great South Road, Papakura, Papakura

Calling all Add Value Investors / Owner Occupiers

- Well presented, main road profile property - 2185sqm (Approx.)
- NBS (Seismic) Rating 90% (A)
- Generous parking with multiple access
- Opposite Countdown, next to McDonald's, Hell Pizza etc.
- Holding income of $196,577pa net (Expiry 2016)

The property enjoys massive presence in the heart of Papakura town centre and has been successfully operating as a Medical Centre for nearly 20 years. The property is earmarked, as per "Proposed Unitary Plan", to be zoned as "Metropolitan Centre", thus, providingimmense future redevelopment options.
An excellent opportunity for Add Value Investors and Owner Occupiers alike.

Realistic and keen vendors - WILL BE SOLD WELL BELOW GOVERNMENT VALUATION.


Property Details
Zoning Urban Commercial 3 (Papakura District Plan)
Floor Area 1,123sqm (approximately)
Land Area 2,185sqm (approximately)

Tenancy Details
Name of Tenant Counties Accident & Medical Limited
Term of Lease 19 years, 364 days
Commencement Date 2nd September 1996
Rights of Renewal Nil
Net Rental $196,577pa plus GST and Outgoings

Auction (unless sold prior)
11am, Wednesday 20th May 2015
Maritime Square, Ground Floor
4 Viaduct Harbour Avenue
Auckland, New Zealand