Tenanted Investment Returning 6.5% - $1.85m

Unit, B, 101 Great South Road, Papakura, Papakura

Price On Application

Proposed Usage
Office
Floor Area
1050.00 m²
Description:
Property ID
1c1cm8d



Located beneath the popular McDonalds restaurant on Great South Road, Papakura, is this large space currently tenanted on a new ten-year lease term with strong rental income. The Unit Title is Stratum in Freehold.

The current tenant is a 24-hour car wash business on a new ten year lease term with a strong turnover, making this a sound investment. Building Consent has been permitted to allow for an additional title for 'Unit C' with a new three year lease returning annual rental of $20,000 + OPEX + GST. Total rental income for both units combined is $100,000 + OPEX + GST.

The property consists of 7 car parks, plant and equipment set up for the wash and vacuum bays (not included sale), offices, water storage tanks and the office space consented to be separated into a new Title for Unit C.

This unique space has huge potential and a sound tenanted investment, please contact the Sole Agents today for more information and to book a viewing.

 

Steven Harris

+64 21 187 8769

steven.harris@colliers.com

 

Matthew Barnes

+64 21 828 563

matthew.barnes@colliers.com

 

Enquire about this property

Papakura Area