• 354sqm (more or less) Fee Simple site zoned Business Town Centre
• Split risk opportunity - three tenancies, two retail shops and one residential unit
• Returning a combined income of $79,469.52pa net (approx.)
• Seismic (IEP) rating of 70% (Grade B)
• Growth location in central Papatoetoe, close to the Papatoetoe Train Station
Located in the heart of Papatoetoe's town centre, 9 - 11 St George Street offers owner occupiers as well as passive and add value investors the opportunity to acquire a fee simple standalone investment with development upside (supporting both commercial and residential activities).
This investment provides multiple income streams from both commercial and residential tenants.
Papatoetoe itself has seen a number of higher density residential developments take place nearby which have further supported this retail precinct with regeneration developments undertaken by Council.
Being in close proximity to the Auckland Airport, motorway interchanges and public transport networks, properties of this size and locality should not be missed.
For further information, contact the SOLE Agents today
021 995 121
021 047 1290
021 177 3422
9 - 11 St George Street, PapatoetoeOpen in map