293-297 Great South Road, Papakura, Papakura

Split risk investment in Papakura CBD

• High profile freehold corner site
• Diverse income stream (retail, hospitality)
• Metropolitan Centre zoning
• Two new five (5) and six (6) year leases returning $91,500 net pa plus GST
• NBS Seismic Rating 70%

A two level, two tenant commercial building occupying a favourable position on the north-western corner of the Wood Street/Great South Road intersection. The property contains a lettable area of some 332sqm, all situated on a freehold 239sqm Business - Metropolitan Centre zone to the southern end of the commercial district in Papakura.

The property is within the Papakura CBD, which provides a comprehensive range of commercial, retail, and community facilities. The motorway interchange is available at Papakura approximately 2km to the southwest with central Auckland city some 35km to the north. The Papakura Railway Station is around 200m east.

Papakura is currently undergoing massive growth which will see the area transformed to one of Auckland's most sought-after commercial/industrial hubs in the coming years. The commercial, industrial, and residential development in Takanini and Papakura combined with Drury's industrial development and the proposed Mill Road infrastructure will continue to improve property value in Papakura.

Piyush Kumar
027 410 4750
piyush.kumar@bayleys.co.nz

Peter Migounoff
027 492 0788
peter.migounoff@bayleys.co.nz