320 and 322 Great South Road, Papatoetoe, Manukau

SPLIT RISK INVESTMENT ON LARGE LAND SITE

- High-profile split risk investment with multiple income streams, returning $119,415 + GST
- 4 tenancies comprising a busy Takeaway, Grocery shop/workshop, Electrician and Nightclub
- Two individual titles
- Total land area 1,459sqm (595sqm and 864sqm)
- Zoned Business 2 and Business - Town Centre under the PUAP

This freehold standalone property represents a fantastic investment opportunity complete with long-term development potential. The property, enjoying a sizeable floor area of approx. 1,157sqm, comprises a complimentary mix of tenancies including two long-term tenants - Li'l Abner's Takeaway, and Village Foodmart, who have been at the property for over 30 and 10 years respectively. Massive road frontage ensures the property and tenants receives a high level of exposure to passing pedestrians and vehicles.

Situated in the heart of the Town Centre, amenities in close proximity include Papatoetoe Central School (across the road) and Hunters Plaza. Panuku Development and Foodstuff's redevelopment of the Old Papatoetoe Mall and New World supermarket, approx. 1.5km away, is due to commence shortly and shall revitalise the area.

This is a rare opportunity to purchase a property with multiple income streams plus the benefit of a large land holding - a superb investment with long-term development potential