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938 Whangaparaoa Road, Manly, Rodney, Auckland 0930

Negotiation

buildarea 270m²
landarea 423m²
FREEHOLD & MULTI-TENANTED INVESTMENT

On offer is an unmissable opportunity to own a good piece of real estate with attributes that will attract savvy investors. With current leases done during the pandemic, there is a huge prospect of upside with increasing rental reviews ahead.

• Freehold commercial investment property in the suburb of Manly
• Contemporary two-level building built in 2018 near Town Centre
• Leased with five streams of income yielding circa $80,000 pa
• Neighbourhood Centre zoning presents many possibilities
• Rare chance to hold a commercial property in this neighbourhood

Astute investors will see the benefits of owning an almost new freehold split-risk tenanted property, especially in the current environment with sky-rocketing land prices and building costs. There is a marked preference for modern premises and due to limited new commercial options available, this property should hold its value in good stead. Ideal prospect for investors looking to switch from residential to commercial properties.

Located near the busy Manly village roundabout, the property has huge exposure from passing traffic. This commercial retail / service hub is positioned between the Stanmore Bay Town Centre and Gulf Harbour/Army Bay. The Whangaparaoa region is fast growing and the impending Penlink project will encourage more developments.

This property has quality, location, zoning plus returns to grab your attention and engage in the sales process. Telos is proud to be appointed as sole agents so please get in touch with Mustan for more details and private viewing.

For sale by Negotiation.

Land area: 423 m2 Floor Area: 270 m2 ( as per council record )