129 Great South Road, Papatoetoe, Auckland True split-risk investment
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Available PropertyFiles:
- Great South Road 129_Approved IM_Sep 2024.pdf
- Great South Road 129_LIM Report_Sep 2024.pdf
- Great South Road 129_Title_02.09.2024.pdf
- /Seismic Reports/
- 129 Great South Road IEP Report.pdf
- IEP Assessment -2017-03-27 - gsr129.pdf
Property Description
Key features:• Extremely high-profile freehold site with two street frontages
• Functional building on Great South Road and Eric Baker Place
• Opportunity for upside in value once fully leased
• Sought-after location within the Papatoetoe Town Centre/Hunters Corner
This extremely high-profile commercial property is located on arguably one of Auckland's busiest arterial routes, positioned on the intersection of Great South Road and East Tamaki Road. The building sits on 890sqm of freehold land with a NLA of 1,207sqm split over two levels comprising retail, office and warehouse tenancies, allowing for a wide range of occupiers.
The property is positioned in close proximity to State Highway 1 with State Highway 20, Hunters Plaza and Manukau City a short distance away.
The property has an indicative market rental of circa $280,000pa net + GST and is currently returning $220,897.30pa net + GST from multiple tenancies with fully refurbished vacancies ready to lease or occupy. This split-risk investment is an opportunity for investors to capitalise on the market growth, fixed annual rental increases and leasing upside.
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Contact Tony Chaudhary
Bayleys Real Estate Limited, Manukau
Licensed under the REA Act 2008
021995121 tony.chaudhary@bayleys.co.nz All Listings
Tony Chaudhary’s proven strategies for attaining outstanding results for his commercial property clients have seen him rise through the ranks of Bayleys since joining the group 15 years ago. Tony has ranked amongst the company’s Top 5% of agents nationwide every year since joining Bayleys and he was awarded the esteemed title of No 1 Commercial Agent, New Zealand in 2020/2021.
Specialising in the South/East Auckland commercial property sales market, Tony’s expertise is also regularly called upon by his clients throughout the Auckland market as they recognise the value he can add to the real estate table.
Regularly dealing with individual property owners, corporate clients, high-profile national retail groups, and key international property clients, Tony’s business has grown exponentially on the back of repeat and referral business, record sales prices, a changing market, and clever solutions to his clients’ property challenges.
It is no surprise due to the continuing growth of the business that Tony is now supported by Janak Darji, Gaurav Minhas and Manu Pundir who each bring their own wealth of knowledge and expertise to the team. Tony’s proficiency in Hindi, Punjabi, and English, plus an understanding of Gujarati, allow him to gain people’s confidence and give him the edge in negotiations. Janak also speaks Gujarati and Gaurav also speaks Punjabi, Hindi and Fiji-Hindi.
Tony Chaudhary and his team efficiently services a growing national and international client base which values their diligent work, intelligent marketing strategies and proven negotiation skills that Tony has consolidated. Tony and the team invest significant time and energy to ensure that every avenue is pursued to find the right buyer for each property he is entrusted to market.
Deeply established in the Auckland commercial property market, Tony and his team, together with the reputable Bayleys brand, delivers exceptional real estate service to discerning property owners keen to realise true market value in the competitive marketplace.
