- Returning $260,000pa + opex + gst.
- Lapsed Resource Consent for a 54 apartment development with commercial units as well.
- Metropolitan Centre Zone
- 2,185sqm over two fee simple titles
- Net rental rate of $231sqm (including 15 car parks)
Located in the heart of Papakura town centre lies 79 – 83 Great South Road. Across the road from Countdown and next door to McDonald’s illustrates the demand for such a location. Drury East, Drury Crossing and Drury South are pulling private and public development and infrastructure to this part of Auckland. The property has recently had a mixed use apartment – retail development consented development which lapsed in 2021.
This has appeal from all angles, and with a motivated vendor is very much worth a look.