98 Great South Road, Papakura, Papakura

Split-risk investment with add-value upside

• Freehold main-road landholding within the Woolworths-anchored Roselands Shopping Centre
• 566sqm (approximately) of retail and office accommodation across two buildings
• 809sqm (more or less) freehold site, plus a 1/5 share of 860sqm (more or less)
• Split-risk income across two buildings and five tenancies
• Generous shared parking
• Passing income approximately net $79,500pa + GST; net potential approximately $127,500pa + GST
• Anchor tenant on a new three-year lease with fixed 2% annual increases
• Business - Metropolitan Centre zoning; redevelopment potential subject to council approval

A rare opportunity to secure a freehold retail and office investment in one of Papakura's best-established commercial locations. Positioned within the Woolworths-anchored Roselands Shopping Centre, this prominent Great South Road property delivers diversified income across five tenancies, with genuine leasing upside and longer-term redevelopment potential under Metropolitan Centre zoning.

Sitting on one of South Auckland's busiest arterial routes, the property benefits from strong passing traffic, established neighbouring retailers and easy access to Papakura Town Centre, the train station and State Highway 1. Well suited to investors seeking secure holding income with active management potential, and to owner-occupiers wanting space in a proven retail location.