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Split risk investment in Papakura CBD

293-297 Great South Road, Papakura

Retail Property
dollar

Negotiation

Floor area
332m2
Land area
239m2
Title type
Freehold
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Map

Property details

Listing # 1904604 | Listed on 1 June 2023
  • High-profile freehold corner site
  • Mix of retail and hospitality uses
  • Metropolitan Centre zoning
  • Current net income $51,500 pa + GST from the retail tenant
  • Vacant ground-floor café/restaurant opportunity
  • 70% NBS seismic rating

Positioned prominently on the north-western corner of Wood Street and Great South Road, this two-level commercial building offers both secure income and value-add potential. The property provides 332sqm (more or less) of lettable area on a freehold 239sqm (more or less) corner site.
Currently returning $57,913 net pa plus GST from the retail tenant, the property also features a vacant ground-floor hospitality tenancy — ideal for an owner-occupier to operate their own café/restaurant, or for leasing to increase returns.

Located just 200m south of the Papakura CBD, the property benefits from strong local amenities and excellent connectivity, with the Papakura motorway interchange only 2km away and Auckland CBD approximately 35km to the north.
Papakura is experiencing rapid growth, driven by large-scale commercial, industrial, and residential projects across Takanini, Papakura, and Drury. This development activity is expected to continue strengthening rental demand and property values in the area.


Piyush Kumar
027 410 4750
piyush.kumar@bayleys.co.nz

Peter Migounoff
027 492 0788
peter.migounoff@bayleys.co.nz

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