Colliers New Zealand is proud to present a rare opportunity to acquire a high-profile, tenanted investment in the heart of Papakura. Anchored by a medical facility with a 40-year legacy at this exact location, 17 East Street offers unparalleled tenant surety and long-term capital stability.
Maintained and upgraded to an impeccable standard, this versatile asset is positioned on a commanding corner site with dual frontage to East Street and Queen Street, ensuring maximum exposure. The property features 837m² of high-value Mixed Use zoned land and a functional three-level configuration. The medical practice is located on level one and features a full fit-out with multiple partitioned rooms. The top level is currently configured as residential accommodation, adding a diversified income stream or future flexibility, while the lower level provides dedicated on-site carparking and secure storage.
Papakura and surrounds is experiencing rapid residential intensification, driving sustained demand for healthcare services in the immediate catchment. The prominent corner profile ensures the asset remains a cornerstone in the district, while the Mixed Use zoning provides significant future development potential.
For Negotiation
Contact the Sole Agents below for further information or to arrange a viewing:
Ryan Gibb
+64 21 826 421
ryan.gibb@colliers.com
Will Bason
+64 21 0837 9312
will.bason@colliers.com
Features:
- Returning $100,000 net per annum + GST + Outgoings.
- Positioned on a 837m² site - Zoned Mixed Use.
- Established medical practice with a 40 year legacy.
- Commercial and residential use.
More information: https://www.colliers.co.nz/p-NZL67038238
