46-50 Broadway, Papakura Land bank - development site
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Available PropertyFiles:
- 46-50 Broadway, Papakura - ISA Report.zip
- 46-50- Site Plan (OP4). 01.12.2023.zip
- Broadway 46-50_Information Memorandum_26.03.2024.pdf
- Building WOF.zip
- Deed of Leases.zip
- LIM Report.zip
- PropertyFiles.zip
Property Description
• Outstanding opportunity 4,694sqm (more or less)• Development opportunity with concept plans for 43 residential units
• Holding income $305,000pa + GST from commercial tenants
An exceptional opportunity awaits to acquire a substantial freehold development site in the vibrant Papakura CBD. Its proximity to the Papakura train station and bus hub makes it incredibly convenient, and it's situated in a rapidly expanding area of South Auckland.
The property currently generates a substantial annual income of $305,000 + GST from existing tenants. There are detailed plans for 43 two-bedroom residential units, some of which will include garages or car ports.
Given the high demand for housing in the local area, this development prospect is not one to overlook. With excellent access to public transport, including the nearby Papakura bus and train station, the property is well-positioned. Additionally, being centrally located in the Papakura CBD, it provides easy access to a plethora of retail stores, supermarkets, professional offices, and a diverse range of dining options, including the upscale Broadway Food Company featuring gourmet eateries.
Land bankers, owner-occupiers and developers must investigate further!
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Terms of Supply
The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.
Contact Piyush Kumar
Bayleys Real Estate Limited
Licensed under the REA Act 2008
027 410 4750 piyush.kumar@bayleys.co.nz All Listings
Piyush Kumar has an astute head for business which gives him a clear advantage in his role as commercial, retail and industrial sales and leasing agent with Bayleys Counties.
Extensive management experience in convenience retailing, account management in the highly competitive telecommunication arena plus prior experience in the hospitality industry have provided Piyush with an invaluable business platform from which to launch a career in property.
Specialising in the commercial, retail and industrial areas of Manurewa, Takanini, Clendon and Papakura, Piyush is bringing his strong communication skills, finely honed client service mentality and analytical approach to the real estate table.
“I’ll be walking the walk and talking the talk through hard work, dedication, and loyalty towards clients. I aim to provide honest feedback, regular follow-up and to identify a smart, logical plan to ensure that the deals are done,” says Piyush.
As an integral member of the Bayleys Counties commercial, retail and industrial team, Piyush works closely with his colleagues in the wider Bayleys network - across Auckland and nationally - to ensure that no stone is left unturned in the quest to achieve great outcomes for his clients.
With a Degree in Economics, and a Diploma in Hotel Management coupled with front line experience across the hospitality, retail sales and account management fields, Piyush understands the importance of good time management skills and exceeding client expectations.
“Establishing strong working relationships with my clients is fundamental to good business. I pride myself on staying up-to-date with property market trends and the economic environment which allows me to put the current real estate market into context for my clients,” says Piyush.
Able to add value to his clients real estate transactions by utilising Bayleys’ innovative marketing initiatives, extensive networks and databases and broad knowledge base, Piyush keeps abreast of new ideas and technology, to make the selling and buying of real estate faster, cost-effective, and more streamlined.
Piyush is a trusted professional who handles commercial, retail and industrial real estate sales and leasing with integrity and intelligence.
