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Papatoetoe

27 East Tamaki Road, Papatoetoe, Manukau

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736sqm Land area SQM
664sqm Floor area
10 Offstreet

Invest, occupy or develop - Papatoetoe


Key features:
• Quality tenant, Aotea Finance Limited, returning a current net rental of $138,000.00pa + GST, rent review due February 2025. Strong growth potential
• Property is in a thriving location with 68% NBS and low-maintenance construction
• Dual access, parking, profile, attractive zoning - ticks all the boxes!

Investors seeking opportunities in the revitalized Papatoetoe central township will find this property particularly attractive. Its appeal extends to add-value investors, as the favourable zoning, spacious buildings, prime location, and flexible lease terms create potential for mixed-use development, potentially leading to significant income enhancement. Furthermore, the property's current rental income appears to be below market rates for the area, suggesting room for growth.

Owner-occupiers should also consider this property, given that the final lease expiry is 31 January 2028, should the next renewal be exercised, the property presents the potential for long-term stability. Its robust construction, featuring concrete block walls and a steel roof, ensuring durability and cost-efficiency over time. Strategically located, this asset combines reliable income with future growth potential.

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Lalit Arya
021 033 2309
lalit.arya@bayleys.co.nz

For Sale by Negotiation
Tony Chaudhary

Tony Chaudhary

Retail, Investment and Industrial Sales

Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Lalit Arya

Lalit Arya

Retail, Office and Commercial Sales and Leasing

Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008

Features

Floor area details


664sqm (approximately)

Land area breakdown


736sqm (more or less)

Location


In busy Papatoetoe Town Centre with exposure to East Tamaki Road

Zoning


General Business Zoning with attractive land size in the heart of Papatoetoe

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