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Barfoot & Thompson Commercial is proud to be exclusively appointed to market 52-56 Saint George Street, Papatoetoe, for sale by deadline private treaty closing 2:00pm, Wednesday 5 June 2024 (unless sold prior) at GF, RSM House, 62 Highbrook Drive, East Tamaki.
The split-risk investment opportunity is zoned Business - Town Centre and is located in the main commercial area of Papatoetoe. The building is divided into three commercial premises - Ganley & Richardson Smash Repairs, NZ Fruit & Spices, and first-level residential living.
INVESTMENT HIGHLIGHTS:
• Rare opportunity - the property boasts a Town Centre zoning, making it a unique investment opportunity in the central Papatoetoe area
• Split risk - with three tenancies, the investment offers the advantage of diversified rental income streams, reducing risk
• Strategic location - situated in close proximity to the Manukau, Otahuhu, and both SH1 and SH20, the property benefits from its strategic location, providing convenient access to amenities and services
• Future rental growth - the property has the potential for future rental growth, allowing investors to capitalise on increasing market demand and maximise returns
• Future redevelopment potential - in addition to its current use, the land holds potential for future redevelopment, providing opportunities for further value appreciation
UNIT A:
• Area - 900m²
• Tenant/s - NZ Fruit & Spices and residential living (L1)
UNIT B:
• Area - 419m²
• Tenant - Ganley & Richardson Smash Repairs
Don't miss out on this outstanding chance, suitable for both investors and prospective owner-occupiers eager to acquire a remarkable property on the high-profile Saint George Street.
Take action today and get in touch with the sole agents for more details.