Sole Agency. Listing ID to quote: #13468.
46–50 Broadway, Papakura presents a prime town centre investment combining strong holding income with genuine long-term upside.
Positioned in the heart of Papakura’s main commercial precinct, the property generates net income of $250,547.92 + OPEX & GST from seven tenants, with one vacancy providing immediate leasing upside.
The current blended rental of just $128.29/m² (net) sits well below market levels, offering clear potential for rental growth and value-add over time.
Deadline Private Treaty closes 26 March at 4pm (unless sold prior).
Sole Agency.
The property areas are as follows:
- Retail 2,720sqm
- Development Land 4,694sqm
Features:
- 2,720m² retail build area on 4,694m² land
- Business Metropolitan Centre zoning
- Ample Carparks - 40+
- Prominent Broadway town centre location
- Currently returning net income of $250,547.92 from 6 tenants and 1 vacancy
- Close to train station, retail, hospitality and civic amenity
The Papakura region hosts a diverse mix of light and heavy industrial businesses. Its appeal is increasing due to more affordable land and rental costs, proximity to growing residential areas, and ample heavy industrial zoning. Located 32km from Auckland CBD and 21km from Auckland Airport, Papakura offers a strategic and cost-effective location for industrial operations.
Please contact Tosh Sharma or Adam Ward to discuss the above property or give us a call and we can talk in more depth about other opportunities within the Auckland Area.
Tosh Sharma
021 054 3649
tosh@commercialrealty.co.nz
Adam Ward
022 166 4941
adam@commercialrealty.co.nz
Or refer to www.commercialrealty.co.nz for a comprehensive range of listings as we don't advertise all our listings on external websites
All prices exclude GST (unless otherwise stated)
