Colliers International are proud to exclusively present 141 Kolmar Road, Papatoetoe to the market. For Sale by Auction at 11am Wednesday, 23rd June 2021 (unless sold prior).
The multi-storey property is anchored by essential tenant DH Supermarket occupying the entirety of the ground floor. With further two tenants occupying first floor with one vacant tenancy available on same floor. The property currently is returning $141,062 pa with one vacancy, providing future upside to the incoming purchaser.
Well positioned in what is arguably one of, Auckland’s fastest gentrifying and growing suburbs. 141 Kolmar Road sits on 1,548m2 of freehold land including 32 dedicated and secured car parks.
The property boasts 40m of road frontage on Kolmar Road and is positioned on entry to Hunters Plaza. It ensures optimal exposure to all passing traffic.
The building has “A Grade”- 90% NBS rating, with approximately only 30% site coverage. Zoned Business - Town Centre property provides for a wide range of activities including commercial, residential and community services.
Rarely do properties in Papatoetoe with these characteristics enter the open market. The opportunity offers yield, chance to land bank high profile site or add-value. Investors, strategic land buyers and purchasers wanting to add value should enquire.
Call your Sole Agents Gawan, Ryan or Ronal for inspection or further Information.
Ref #: 20709893
- Contact our experts for details on this transaction.