Freehold split risk block - 6% or better
• Net income of $115,817.30pa + GST from four (4) established tenancies
• WALT of 3.14 years, with both October 2026 renewals now actioned
• 400sqm (more or less) freehold corner site with dual street frontage
• Seismic rating of 70% NBS
4 Ussher Place offers investors a well-tenanted neighbourhood retail block on a freehold corner site in Pakuranga Heights, an established East Auckland suburb that keeps growing.
The single-level building has four (4) tenancies across approximately 247sqm of net lettable area. Together they return $115,817.30pa + GST, plus approximately $7,000pa + GST in management fee recoveries. The tenants are a laundromat, a personal services operator, a food and beverage operator and a coffee roaster, so the income is spread across different everyday businesses. The laundromat lease runs to a final expiry in 2043, and the two tenancies that came up in October 2026 have renewed. That gives the income secure tenure for years to come.
The site has around 15 metres of frontage to Ussher Place and 29 metres to Gossamer Drive, so it is highly visible to local and passing traffic. There are three (3) on-site car parks plus shared parking nearby. Pakuranga Road and Ti Rakau Drive are moments away, linking the property to Botany, Howick, Pakuranga and Panmure.
The land is zoned Business Neighbourhood Centre, which generally allows buildings up to three storeys and residential use on upper floors. That gives the corner site long-term potential beyond its current income.
• WALT of 3.14 years, with both October 2026 renewals now actioned
• 400sqm (more or less) freehold corner site with dual street frontage
• Seismic rating of 70% NBS
4 Ussher Place offers investors a well-tenanted neighbourhood retail block on a freehold corner site in Pakuranga Heights, an established East Auckland suburb that keeps growing.
The single-level building has four (4) tenancies across approximately 247sqm of net lettable area. Together they return $115,817.30pa + GST, plus approximately $7,000pa + GST in management fee recoveries. The tenants are a laundromat, a personal services operator, a food and beverage operator and a coffee roaster, so the income is spread across different everyday businesses. The laundromat lease runs to a final expiry in 2043, and the two tenancies that came up in October 2026 have renewed. That gives the income secure tenure for years to come.
The site has around 15 metres of frontage to Ussher Place and 29 metres to Gossamer Drive, so it is highly visible to local and passing traffic. There are three (3) on-site car parks plus shared parking nearby. Pakuranga Road and Ti Rakau Drive are moments away, linking the property to Botany, Howick, Pakuranga and Panmure.
The land is zoned Business Neighbourhood Centre, which generally allows buildings up to three storeys and residential use on upper floors. That gives the corner site long-term potential beyond its current income.
Key features
Floor area details
247sqm (approximately)
Land area breakdown
400sqm (more or less)
Zoning
Business - Neighbourhood Centre
Parking
Three (3) on-site car parks
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