68 Portage Road, Papatoetoe, Manukau

Urgent Sale - Income & Development Ready

Key Features

• Located on a main arterial road with high visibility and strong traffic flow
• Foundations already laid at the rear, ready for further development
• Opportunity to begin operations as early as tomorrow
• Stable holding income provides financial security
• Zoned Business - Neighbourhood Centre, allowing for a variety of commercial and retail uses

Strategically positioned in the heart of Papatoetoe, 68 Portage Road presents a freehold landholding of approximately 688sqm, zoned Business - Neighbourhood Centre under the Auckland Unitary Plan. The site includes an 80sqm retail tenancy, currently occupied by Viti Flavors Takeaway with a 5-year lease term, expiring on 01 May 2030. The lease arrangement incorporates rental increases, providing a consistent and growing income stream.

Resource consents have been granted by Auckland Council for a comprehensive redevelopment comprising seven new residential apartments (a mix of 1, 2, and 3 bedrooms), along with a street-front retail tenancy. Each apartment is allocated a dedicated onsite car park, with related site improvements approved. The concrete slab foundations and ground floor for the four rear units have already been completed, and timber frames are currently stored onsite—signalling strong progress toward completion.

For more information, please do not hesitate to call the sole agent below:

Lalit Arya
021 033 2309
lalit.arya@bayleys.co.nz