Fresh back pocket investment

1/15, Karepiro Drive, Whangaparaoa, Rodney

Price On Application

Proposed Usage
Retail
Floor Area
446.00 m²
Description:
Property ID
1c3mdqm

- Returning $98,000pa + GST
- Lease term certain until 22 November 2022 (circa four (4) years)
- Modern development built in 2005
- First time on the market in over 10 years
- Mixed Use zoning under AUP (OP)

Fresh to the market, the property represents a fantastic opportunity for a passive investor to purchase a hands off investment on the booming Whangaparaoa peninsula. This well presented unit located within a modern retail complex immediately adjacent to the peninsula's main arterial Whangaparaoa Road, benefits from its situation within the development being immediately opposite the entrance and has been a fruit and vegetable store since inception.

Whangaparaoa is taking off, affordable housing meets idyllic coastal living with infrastructure now in place to match. The increase in residential dwellings in turn is generating significant demand for complimentary commercial amenities like 15 Karepiro Drive and with new build construction costs pushing the feasibility of new development to the limit of what is practical and sustainable, the value of existing sites like Karepiro only increases.

Act now to secure this lucrative investment.

Deadline Private Treaty (unless sold prior)
Closing at 4pm, Thursday 6th December 2018
29 Northcroft Street,
Takapuna, Auckland.

Enquire about this property

Whangaparaoa Area