Seize this exceptional opportunity to acquire a fully leased, high-performing retail complex in a prime Papatoetoe location. Strategically positioned on the bustling Great South Road, this iconic property boasts excellent visibility, strong tenant mix, and reliable cash flow-making it a standout investment in South Auckland.
Key Highlights:
- Net rental income: Approx. $151,000 plus gst p.a.
- Tenancies: Three fully leased units, including a popular takeaway, grocery and a vibrant nightclub
- Titles: Two individual freehold titles
- Total land area: 968 sqm (373 sqm and 595 sqm)
- Zoning: Business - Town Centre
Property Features:
Ground Floor Retail:
- Li'l Abner's Takeaway: A South Auckland institution, serving loyal customers for over 30 years
- Two additional tenancies: Catering to the local community, including a specialty Indian grocery store
First Floor Venue:
- One of Auckland's largest and longest-standing Pacifica nightclubs-well-known for hosting community events and drawing consistent crowds, contributing to strong occupancy and rental income
This is a rare opportunity to secure a versatile commercial asset with multiple income streams, excellent street frontage, and future development upside in a rapidly growing area.
Don't miss out on this outstanding investment.
Contact:
Zarn - 021 892 500
Aaron - 021 998 018
Address320-322 Great South Road, Papatoetoe Manukau City 2024