This exceptional piece of land, measuring 928m², is located in the highly sought-after Business - Town Centre zone. Its prime location in the most popular suburb of South Auckland presents an excellent opportunity for your project. We would like to bring to the attention of developers and investors that this site has obtained resource consent approval for the construction of 34 studio apartments and two spacious retail shops.
The property is currently being leased to a car yard and has a favourable rental yield.
KEY FEATURES:
• 928m² site zoned Business - Town Centre
• Resource consent approved for 34 studio apartments and big retail shops
• $75,000 + GST yearly rental income
• 718m² car yard space and 210m² (more or less) office space
• High exposure on busy Great South Road
• Six months demolition clause
Due to its prime position as a corner site, boasting remarkable road frontage on the bustling Great South Road and Shirley Road, this location offers a distinct advantage to any business, be it a retailer or an office-based tenant. The exceptional visibility, street frontage, and its presence in a community-oriented area further enhance its appeal.
With convenient access to key transportation links, including the SH1 on-ramp just 1km away and SH20 just 4.5km away, this location offers tenants an unparalleled level of exposure in Papatoetoe. It attracts both pedestrian and vehicular traffic, and with renowned establishments like Z and Mobil petrol stations, F45, KFC, The Cheesecake Shop, and Hunters Plaza in close proximity, it presents lucrative opportunities for businesses of all kinds.