Split-risk investment with development upside


107 Harris Road, East Tamaki

By Negotiation

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Split-risk investment with development upside | 107 Harris Road, East Tamaki | 1904886 |      X Close
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Split-risk investment with development upside


• Commanding 8,093sqm freehold site on key East Tamaki arterial

• 3,034sqm (more or less) comprising trade retail and industrial

• Currently returning approximately $712,834pa net + GST

• Split-risk investment with superb development upside

107 Harris Road offers a rare opportunity for purchasers to acquire a strategic investment with future development upside. Underpinned by 8,093sqm (more or less) of freehold land, the property benefits from nine separate tenancies, seven of which are returning a combined rental of approximately $712,834pa net + GST, with further uplift from two small vacancies.

The four trade retail tenants offer long-term and strong covenants while the remaining short-term industrial tenancies allow for development potential and future upside.

The property enjoys a high-profile position on Harris Road, one of East Tamaki's main arterial routes, and houses a vast range of commercial and industrial occupiers. With just 38% site coverage and an attractive diversified income, this offering should appeal to a range of investors, owner-occupiers and developers.

Call now for more information.

Tim Bull

021 127 1831

tim.bull@bayleys.co.nz

James Hill

021 599 529

james.hill@bayleys.co.nz

Sunil Bhana

021 938 660

sunil.bhana@bayleys.co.nz