3/17a Ryan Place, Papatoetoe, Auckland - Manukau

Nestled in the heart of Manukau City, this commercial property at 3/17a Ryan Place boasts a spacious 159m2 floor area with a Unit Title ownership. Constructed in 2008, the mixed-material walls and roof are in good condition. It offers 5 car parks and is designed for retail use, currently hosting a sales space for imported goods. The property has seen a significant Capital Value increase of 15.79% from $475,000 in 2017 to $550,000 as of June 2021. The latest sale was recorded on April 28, 2023, at $580,000. The HouGarden AVM estimates the property's value at $510,000. For investors or owner-occupied businesses, this property is ideally located, just 3 minutes from the SH1 motorway onramps and 2 minutes from the Manukau Town Centre.

With a lease returning $34,000pa, this property is not just a sound investment but also a golden opportunity for businesses looking for a quiet yet convenient location. The schools in the area, Puhinui School (Decile 3), Papatoetoe Intermediate (Decile 2), and Papatoetoe High School (Year 9-15, Decile 3), are added bonuses for families.

Act fast, as this is a mortgagee sale and such opportunities are rare. This property could be the key to your future success in the Auckland property market.

Updated on June 17, 2024