129 Great South Road, Papatoetoe, Auckland True split-risk investment

Available PropertyFiles:

  • /IEP Report/
    • 129 Great South Road IEP Report.pdf
    • IEP Assessment -2017-03-27 - gsr129.pdf
  • /Information Memorandum/
    • Great South Road 129_Approved IM_Sep 2024.pdf
  • /LIM Report/
    • Great South Road 129_LIM Report_Sep 2024.pdf
  • /Property File/
    • Great South Road 129_Property File.zip
  • /Record of Title/
    • Great South Road 129_Title_02.09.2024.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/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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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 James Valintine Bayleys

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

09 375 7431   021 023 71868   james.valintine@bayleys.co.nz   All Listings

James is a Senior Industrial Broker with Bayleys Real Estate Limited. Since his commencement in 2010 with a primary focus on Commercial and Industrial property he has quickly established himself as a specialist in the South Auckland Industrial sector in both sales and leasing.

His knowledge and experience gained in negotiating various sale and lease transactions in both buoyant and difficult markets has seen James become an invaluable resource and trusted advisor to long term repeat clients. Getting James involved early in a project or potential sales or leasing campaign has proven to ensure maximum values are achieved.

Having been involved in numerous property transactions James has been in the Top 10% of Bayleys Salespeople nationwide for 2016/17 and 2017/18.


Contact Geoff Wyatt

Bayleys Real Estate Limited

Licensed under the REA Act 2008

021 982 322   geoff.wyatt@bayleys.co.nz   All Listings

Geoff Wyatt joined Bayleys Real Estate in 2005. Since that time, Geoff has completed lease and sale transactions valued in excess of $25 million. In 2010 Geoff completed deals which placed him in the “Top 20” Commercial & Industrial agents in Bayleys Realty Group.

Geoff concentrates his efforts on knowing the South and East Auckland retail and commercial market; the landlords, tenants, investors, brokers and developers. Geoff specialises in all aspects of commercial real estate sales and leasing. He has expert knowledge of vacancies, rental and absorption rates of retail and office space in the area.

Prior to joining Bayleys Geoff spent thirty years in the fashion industry where he learnt that “customer service is key”, knowledge he has brought to his real estate career and the mantra for his business.

Geoff’s success stems from his diligent service, problem solving skills, and strong commitment to his clients.

“The formula is very simple; I make vendors, landlords and tenants my priority. I listen to them and visit them on a regular basis to understand their current and future needs. When it comes time for my clients to make a decision, it is an easy process, because they trust my capabilities. They know that I will represent them fairly and successfully in their retail or office space needs.”