Standalone fee simple medical investment


133 Kolmar Road, Papatoetoe

By Negotiation

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Standalone fee simple medical investment | 133 Kolmar Road, Papatoetoe | 1903808 |      X Close
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Standalone fee simple medical investment


β€’ Sought-after medical investment on a freehold site of 880sqm (more or less)

β€’ Occupied by 'Local Doctors' - nearly 40 clinics throughout Auckland

β€’ Returning $126,878pa plus GST and outgoings with assured rental growth

β€’ Eighteen on-site car parks

Standalone, fee simple site of 880sqm (more or less) with prominent road frontage to busy Kolmar Road, the property offers 588.36sqm (more or less) net lettable area over two levels with generous on-site car parking. Ground floor has been utilised as a medical practice since 2014. The 'Local Doctors' tenancy is producing an annual income of $126,878pa plus GST and outgoings. Add-value investors or owner-occupiers can take advantage of the vacant level one tenancy which would suit a variety of uses.

In addition to being well positioned to service the established and growing Papatoetoe population, the property is within close proximity to Papatoetoe Train Station, Hunters Plaza Shopping Centre and benefits from convenient access to main arterial routes, motorway networks and public transport systems.

Healthcare properties underpinned by strong market fundamentals will continue to provide peace of mind to investors.

For further information, contact the SOLE agents today

Tony Chaudhary

021 995 121

[email protected]

Amy Weng

021 177 3422

[email protected]

Gaurav Minhas

021 811 191

[email protected]

Amy Weng

South Auckland

Licensed under the REA Act 2008

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Gaurav Minhas

South Auckland

Licensed under the REA Act 2008

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133 Kolmar Road, Papatoetoe

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Amy Weng

South Auckland

Licensed under the REA Act 2008

View profile

Gaurav Minhas

South Auckland

Licensed under the REA Act 2008

View profile