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Freehold split risk block - 6% or better

4 Ussher Place, Pakuranga Heights

Retail Property
dollar

$1,895,000 Plus GST (if any)

Floor area
247m2
Land area
400m2
Title type
Freehold
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Property details

Listing # 1906499 | Listed on 4 February
  • Net rental of $115,817.30pa + GST from four (4) established tenancies
  • Established and popular East Auckland location
  • 400sqm (more or less) freehold corner site with strong exposure and frontage

This is an opportunity to acquire a neighbourhood retail investment underpinned by diversified income, strong cashflow, and a freehold land holding in an established yet growing East Auckland suburb.

The property comprises a single-level retail centre with four (4) individual tenancies, generating a combined net rental of $115,817.30pa + GST, with approximately $7,000pa + GST in management recoveries. The tenancy mix spans hospitality, a laundromat, personal services, and food and beverage, delivering a balanced and resilient income stream well suited to private and long-term investors.

The property enjoys prominent exposure to both Ussher Place and Gossamer Drive, with approximately 15 metres of frontage to Ussher Place and 29 metres to Gossamer Drive. The building provides approximately 245sqm of net lettable area and includes three (3) on-site car parks supporting tenant accessibility and amenity.

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