Bite sized corner

16, East Street, Papakura, Papakura

By Negotiation

Proposed Usage
Retail
Floor Area
286.00 m²
Land Area
162.00 m²
Description:
Property ID
1c2s995

• Affordable add value investment
• Tenanted by an established pizza tenancy
• Opportunity to convert the first level of the property to residential
• Returning $26,000pa + GST and outgoings with potential additional income

Situated on the corner of East and Elliot Streets in Papakura, the property is tenanted by Galaxy Pizza on the ground floor with plans for a residential conversion on the first floor.
A vibrant and busy retail and business centre servicing a large number of national tenancies which have relocated in the area, including Countdown, a number of fast food outlets (McDonalds, KFC, Wendy's etc), all major banks and other major retailers such as Farmers.
The property is well located within easy walking distance to all the shopping and amenities available within the centre and Papakura Train Station is within eight minutes walking distance as well.
The mmediate and surrounding areas have been targeted for large projected growth including the areas of Drury and Takanini with large amounts of land being opened up for future residential development and the Papakura area is set to see further population growth.
Take advantage of this affordable add value opportunity before demand increases.

For further information, please refer to www.propertyfiles.co.nz/property/1901817 or contact the SOLE agents today.

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Peter Migounoff
027 492 0788
peter.migounoff@bayleys.co.nz

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz.

Enquire about this property

Papakura Area