107 Harris Road, East Tamaki, Manukau

Split-risk investment with development upside

• Commanding 8,093sqm freehold site on key East Tamaki arterial
• 3,034sqm (more or less) comprising trade retail and industrial
• Currently returning approximately $712,834pa net + GST
• Split-risk investment with superb development upside

107 Harris Road offers a rare opportunity for purchasers to acquire a strategic investment with future development upside. Underpinned by 8,093sqm (more or less) of freehold land, the property benefits from nine separate tenancies, seven of which are returning a combined rental of approximately $712,834pa net + GST, with further uplift from two small vacancies.

The four trade retail tenants offer long-term and strong covenants while the remaining short-term industrial tenancies allow for development potential and future upside.

The property enjoys a high-profile position on Harris Road, one of East Tamaki's main arterial routes, and houses a vast range of commercial and industrial occupiers. With just 38% site coverage and an attractive diversified income, this offering should appeal to a range of investors, owner-occupiers and developers.

Call now for more information.

Tim Bull
021 127 1831
tim.bull@bayleys.co.nz

James Hill
021 599 529
james.hill@bayleys.co.nz

Sunil Bhana
021 938 660
sunil.bhana@bayleys.co.nz