Sole Agency. Listing ID to quote: #13596.
Commercial Realty is proud to present a rare opportunity to secure this commercial asset which ticks the boxes of all the right fundamentals of a commercial investment. 2 Sutton Crescent, Papatoetoe features a solid concrete two storey commercial building, totalling 680m2 of floor area, and addition to circa 340m2 of covered carparks or storage facility.
This building is leased to the Womans Care Trust, a government backed tenant with extensive spending and capital invested into the building. The lease returns $140,000pa + OPEX and GST (covered by tenant), with a new 3 x 3 Year term, commencing 1st July 2026 with CPI linked annual growth built into lease.
The property areas are as follows:
- Office 680sqm
- Yard 675sqm
Features:
- Strong tenant Covenent
- CPI linked annual growth built into lease
- Solid concrete building with ample carpark area
- Extensive fitout
- Bond in place
- Sale price range at circa 6.5% return
Papatoetoe is Auckland’s largest suburb by population, strategically located just 7km from Auckland Airport and approximately 20km from the CBD. It offers excellent access to State Highway 1, key motorways, and nearby Manukau Central. With a growing commercial and industrial base, Papatoetoe provides an affordable and well-connected location for retail, manufacturing, and trade businesses serving the southern Auckland region.
Please contact Adam Ward or Tosh Sharma to discuss the above property or give us a call and we can talk in more depth about other opportunities within the Auckland Area.
Adam Ward
022 166 4941
adam@commercialrealty.co.nz
Tosh Sharma
021 054 3649
tosh@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)
