• 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.
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021 127 1831
021 599 529
021 938 660
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