Papatoetoe
27 East Tamaki Road, Papatoetoe, Manukau
+11
Receivership Sale: investment
• Tenanted by Aotea Finance Limited, returning $152,000pa + GST (net)
• Aotea Finance as long-standing tenant since 1993
• Prime main road position with massive profile to busy and revitalising East Tamaki Road
Offered to the market by Receivership Sale, this investment opportunity combines a freehold building, huge profile with a tenant that has been in occupation for over 30 years.
Positioned on a freehold site of approximately 736sqm (more or less), the property provides around 12 car parks at the rear, accessed via a service lane, Simon Lane, and a further six (6) car parks at the front. The two (2) level building totals approximately 720sqm (approximately).
The current tenant, which has multiple offices in Auckland, currently pays an annual rental of $152,000pa + GST (net).
Geoff Wyatt
Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Cameron Melhuish
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Occupancy
Tenanted by Aotea Finance Limited, returning $152,000pa + GST net). Full tenancy details available upon request
Floor area details
The two-level building totals approximately 720sqm (approximately)
Parking
12 car parks at the rear, accessed via a service lane, Simon Lane, and a further six (6) car parks at the front
Zoning
Business - Town Centre
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