• Well established tenant in business for almost 20 years
• Freehold standalone building with Business Town Centre zoning
• Built in rental growth with additional income from two ATM machines
• Popular and growing Papatoetoe township location
• IEP (Seismic) Rating of 67%
• Realistic vendor will sell
• Returning $51,000pa +GST & Outgoings (approx.)
This is an excellent opportunity to acquire an affordable retail investment in the heart of Papatoetoe. The building is occupied by a well established tenant who has been in business for almost 20 years. The building itself is on 375sqm of fee simple Town Centre Zone land which offers investors future development upside.
Fronting to busy St George Street and being the ex ASB bank site, the property is well positioned amongst well established small businesses and directly opposite the newly Panuku developed New World and St George St retail mall. The property benefits from easy access to motorway systems (State Highway 1), Papatoetoe Train Station and bus networks.
A great opportunity for astute and add value investors looking for an affordable investment to add to their portfolio. With a realistic vendor, do not overlook this investment.
For further information contact
021 047 1290
021 177 3422
021 995 121
66 St George Street, Papatoetoe SouthOpen in map