Eight-year lease to Starbucks
Key features:
• Long-term corporate tenant covenant to trusted international brand returning $68,958.50pa + GST and outgoings from 11 August 2023
• Positioned in a busy high-growth area, with major residential and commercial developments underway in neighbouring suburbs
• Fee Simple, affordable investment with 70% Seismic NBS rating
A rare opportunity to secure a high-profile freehold site in the heart of Papakura's commercial precinct. This property offers strong holding income, a secure lease to an internationally recognised tenant, Starbucks, and future development potential in a rapidly growing location.
The property is ideally positioned to capitalise on the significant residential and infrastructure growth occurring throughout South Auckland. Located in the heart of Papakura, it benefits from excellent exposure and accessibility, with seamless connections to State Highway 1, Papakura Train Station, and a wide range of local amenities.
As a key growth node, Papakura is experiencing strong public and private investment, with large-scale developments in nearby Takanini and Drury driving sustained population growth and increasing commercial demand.
Roman van Uden
+64 27 313 8803
roman.vanuden@bayleys.co.nz
Tony Chaudhary
+64 21 995 121
tony.chaudhary@bayleys.co.nz
• Long-term corporate tenant covenant to trusted international brand returning $68,958.50pa + GST and outgoings from 11 August 2023
• Positioned in a busy high-growth area, with major residential and commercial developments underway in neighbouring suburbs
• Fee Simple, affordable investment with 70% Seismic NBS rating
A rare opportunity to secure a high-profile freehold site in the heart of Papakura's commercial precinct. This property offers strong holding income, a secure lease to an internationally recognised tenant, Starbucks, and future development potential in a rapidly growing location.
The property is ideally positioned to capitalise on the significant residential and infrastructure growth occurring throughout South Auckland. Located in the heart of Papakura, it benefits from excellent exposure and accessibility, with seamless connections to State Highway 1, Papakura Train Station, and a wide range of local amenities.
As a key growth node, Papakura is experiencing strong public and private investment, with large-scale developments in nearby Takanini and Drury driving sustained population growth and increasing commercial demand.
Roman van Uden
+64 27 313 8803
roman.vanuden@bayleys.co.nz
Tony Chaudhary
+64 21 995 121
tony.chaudhary@bayleys.co.nz
Key features
Floor area details
160sqm (approximately)
Land area breakdown
212sqm (more or less)
Seismic (NBS rating)
70% Seismic NBS rating
