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• Large 2,043sqm (more or less) site zoned Residential Mixed Housing Urban
• Freehold multi-tenanted residential flats; if fully tenanted annual income:
$145,600 per annum (approx.). Please note Unit 4 is currently vacant as Vendor
has recently refurbished the unit
• In close proximity to Papatoetoe Train Station, schools, New World supermarket
and the newly upgraded St George St mall
• Opportunity to invest, hold or develop
The property comprises of five two-bedroom residential units and one three-bedroom house. The opportunity exists for an add value investor, developer or passive investor to take advantage of existing concept plans and redevelop the site, or simply land bank and enjoy the strong rental income.
Located in close proximity to the Papatoetoe town centre which has been identified by Panuku Development as an area in strong demand which will see housing and population expansion over the next ten years. The location benefits from ease of access to Motorway systems (State Highways 1 and 20), are approximately five minutes away. The Auckland Airport and Manukau Westfield Shopping Mall are a short distance away as well.
For further information, contact the sole agents today
021 995 121
021 177 3422
021 622 266
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22 Landscape Road, PapatoetoeOpen in map