Commercial Investment with Holding Income! Now selling a prime terraced house and apartment zoned property in the bustling heart of Papatoetoe.
Featuring an existing two-level building spanning 1,847 sqm, currently leased to two diverse tenants with a total gross rent of approximately $200K per annum. This property is zoned for apartment, terraced house, and commercial development up to 27 meters in height.
Secure your future with immediate cash flow and the potential for significant development. Act now! Priced at $3.695 million + GST.
Property Details:
- Land area: 1,847 sqm (more or less)
- Currently has been leased to two tenants
- Potential uses include retail, education, church services, and warehouse/showroom. Benefit from ample on-site parking.
- Alternatively, consider high-density developments such as apartments or terrace housing and retail
Don Ha Projects:
Don Ha: 0800 436 642
Zarn Ha: 021 892 500
