The vendors are looking to free up capital from their property portfolio, bringing this long-held Papakura investment to the market.
Positioned on a high-profile corner site, the property comprises approximately 611m² of net lettable area across six tenancies, anchored by OPSM and Instant Finance and currently returning approximately $192,315 p.a. net + GST & OPEX.
Located on Great South Road in the heart of Papakura, the property benefits from strong exposure, foot traffic and convenient access to local amenities, public transport and motorway connections. The tenancy mix provides a range of retail and professional service occupiers, with all leases incorporating fixed rental increases to provide diversified income and built-in rental growth.
8/143 Great South Road presents an opportunity to secure a well-located, split-risk investment with strong underlying fundamentals and a diversified income stream.
Opportunities of this calibre are tightly held, and the property is expected to attract multiple parties throughout the campaign. Purchasers are encouraged to commence their due diligence early and put forward their best offer to secure this well-performing Papakura investment.
Contact the sole agents to find out more or arrange a viewing:
Will Bason
+64 21 0837 9312
Ryan Gibb
+64 21 826 421
Gawan Bakshi
+64 21 31 31 48
Features:
- Six established commercial tenants
- Approximately 611m² net lettable area
- Business - Metropolitan Centre Zone
- Located in the heart of Papakura township
- Excellent access to key amenities, motorway networks and public transport.
More information: https://www.colliers.co.nz/p-NZL67042549
