Skip to main content Skip to footer
  • For sale
5% RETURN - Split Risk Commercial - #1
5% RETURN - Split Risk Commercial - #2
5% RETURN - Split Risk Commercial - #3
5% RETURN - Split Risk Commercial - #4
5% RETURN - Split Risk Commercial - #5
5% RETURN - Split Risk Commercial - #6
5% RETURN - Split Risk Commercial - #7
5% RETURN - Split Risk Commercial - #8
5% RETURN - Split Risk Commercial - #9
5% RETURN - Split Risk Commercial - #10
5% RETURN - Split Risk Commercial - #11
5% RETURN - Split Risk Commercial - #12
5% RETURN - Split Risk Commercial - #13

For Sale

Asking price of $2,100,000 plus GST (if any)

27 Enterprise Drive, Papamoa is a modern industrial-style building comprising two commercial tenancies and a first floor residential flat. The three tenants are long-established, with both commercial leases on three year terms with rights of renewal remaining. 

Built in 2004, the building was constructed to modern building standards with high roller doors, excellent stud-height and robust materials to ensure a versatile and low maintenance asset. Sitting on 1,126m² of land the site allows good parking and maneuvering area for larger vehicles. 

The currently below-market rental is topped up by the Vendor to $105,000 plus GST pa to offer a 5% return at the asking price of $2,100,000 for a period of two years post-settlement.

Papamoa has seen incredible growth in both the scarcity and value of land in recent years. Split risk investments such as these are increasingly rare and with such a modern and versatile building should allow solid income long into the future. 

Contact the sole agent, Rich Davidson for an information pack and to arrange a viewing.  



Ref #: 20892490