已经下架
This corner site sits on two titles with a prominent position on Papakura's main arterial. This investment is underpinned by a strong tenant on a 6 year lease.
Providing 220m of road frontage, multiple access points, corner postion, two titles and low site coverage of only 23%, this opportunity provides safe passive income with future upside.
Location, transport and local population mean that Papakura is ideally placed to benefit from current and future growth initiatives. Hunua Road and the nearby area continue to develop with
new industrial complexes recently being completed, including five high quality industrial buildings on 83 Boundary Road, new buildings at 90 & 98 Hunua Road, along with recent sales at 76
Hunua Road and 167 Dominion Road that are likely to see further development in the area. Some nearby businesses include Fletcher Building, Pioneer Energy, ITM, Griffins Foods, Wilco Precast, National Spring &
Wire and Humes.
The property is located within the golden triangle of New Zealand's major growth cities of Auckland, Hamilton and Tauranga, whose regions make up 55% of New Zealand's population and accounts for 55% of New Zealand's GDP. New and upgraded roading links in the area and the Drury Train Station further illustrate the ongoing growth.
Features:
* Returning $365,000 per annum
* Six year lease with annual rent increases (both CPI and market bi annually)
* 23% site coverage across the 2 titles
* Prominent corner position
* Ability to add value in the future
* Unique land holding that is hard to come by