Deadline Private Treaty closing 2:00pm, Tuesday 28th November 2023 (unless sold prior) at GF RSM House, 62 Highbrook Drive, East Tamaki.
Located at 327 Great South Road, Otahuhu is this Freehold two-level commercial property prominently positioned in the centre of Great South Road in Otahuhu town centre. The 562m² floor area over two levels sits on 412m² freehold land, providing car parking at the rear of the building and great exposure to the main street. Current CV is $2,250,000.
Otahuhu is a high-growth suburb, neighbouring suburbs Papatoetoe, Mangere, Mt Wellington and Penrose. It serves as an important part of Auckland's southern transport network with a major bus interchange, train station, plus access to main arterial routes and SH1, SH2 motorway on and off ramps.
KEY FEATURES:
• Fee Simple Freehold 412m² land
• 562m² floor area over two-levels
• Ground floor is trading as a retail business - South Pacific clothing
• Rental $100,000 p.a. plus GST with four year lease term and fixed rental
• 250m² (approx) upstairs accommodation - 250m² approximately
• Accommodation includes Seven rooms, two bathrooms, large kitchen, new heat pump + it's own entrance and Healthy Home certificate
• Car park at the rear of the building
• Central location with great profile
• Business Town Centre zone allows both commercial and residential activities
Here are the options for you:
• Receive rental income from the downstairs tenant and live upstairs or use it as an office
or
• Rent out the upstairs accommodation/office as well and get two rental incomes which offers a great cash flow
For further information or to arrange a viewing, contact the sole agents today!
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Otahuhu College | 1.12 km | Secondary | 9-15 | Government | Co-Educational | EQI: 513 | 1 |
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,390,000 | 55.7% | 7 |
2022 | $893,000 | -43.3% | 2 |
2021 | $1,575,000 | 37% | 10 |
2020 | $1,150,000 | -56.6% | 5 |
2019 | $2,650,000 | 133% | 3 |
2018 | $1,137,500 | 25% | 4 |
2017 | $910,000 | 29.5% | 1 |
2016 | $702,500 | -29.3% | 4 |
2015 | $993,000 | 46.1% | 10 |
2014 | $679,500 | - | 10 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.28 km | 2 | 1 | 60m2 | Year 2024 Month 05 Day 01 | $380,000 | Council approved | |
 | 0.21 km | 3 | 2 | 131m2 | Year 2024 Month 03 Day 14 | $900,000 | Council approved | |
 | 0.14 km | 3 | 1 | 120m2 | Year 2024 Month 02 Day 28 | $935,000 | Council approved | |
0.11 km | 2 | 1 | 70m2 | Year 2024 Month 02 Day 18 | $525,000 | Council approved | ||
 | 0.58 km | 6 | 5 | -m2 | Year 2024 Month 02 Day 01 | $1,210,000 | Council approved |