4/17a Ryan Place, Papatoetoe, Auckland - Manukau

Nestled in the heart of Manukau City, this commercial property at 4/17a Ryan Place boasts a prime location with retail potential. Constructed in 2008 with mixed materials for both the walls and roof, it presents in good condition. The property, governed by a Unit Title, includes 2 carparks and a spacious floor area of 162sqm. The capital value has seen a growth of 9.62% from $520,000 in 2017 to $570,000 as of June 2021. The HouGarden AVM estimates it at $530,000, while the latest sales were recorded at $550,000 in 2020 and $360,000 in 2015.

For investors or business owners, this property offers a lease of $34,000PA with the option for vacant possession. It's part of a complex that's home to a sales space for imported goods and a tech appliances business. The site's convenience is unparalleled, being just 3 minutes from SH1 motorway onramps and 2 minutes from Manukau Town Centre.

As for the school zone, it's served by Puhinui School (Decile 3), Papatoetoe Intermediate (Decile 2), and Papatoetoe High School (Secondary, Decile 3), ensuring quality education for the community.

Updated on May 24, 2024