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Deepak Nain Harcourts JK Realty
Aman Gulia Harcourts JK Realty
Situated on a generous 885sqm (more or less) freehold corner site in the heart of Papatoetoe, this property offers the perfect combination of immediate rental income and long-term development potential. Zoned Mixed Housing Suburban, with stormwater and wastewater services nearby, the site is a fantastic option for developers, land bankers, or savvy investors.
Currently configured as three flats, the property is fully tenanted by reliable, long-term tenants - a key reason the owners have held onto it for so long.
• 1 Park Avenue: $440 per week
• 1A Park Avenue: $410 per week
• 1B Park Avenue: $560 per week
Total rental income: $1,410 per week (approx.).
Located close to Old Papatoetoe town centre, Papatoetoe Train Station, motorway access, schools, and local amenities, this position ensures strong tenant demand and future growth potential. With the recent legislative changes and improving investor confidence, opportunities like this are not to be missed.
Whether you're looking to landbank, develop, or simply secure a solid investment, 1 Park Avenue, Papatoetoe offers it all.
Contact Aman Gulia and Deepak Nain today for more information or to arrange a viewing!
Property ID: #L33974265
License Details: Licensed under REAA 2008
Office
Licensed under REAA 2008
Sold Property
Situated on a generous 885sqm (more or less) freehold corner site in the heart of Papatoetoe, this property offers the perfect combination of immediate rental income and long-term development potential. Zoned Mixed Housing Suburban, with stormwater and wastewater services nearby, the site is a fantastic option for developers, land bankers, or savvy investors.
Currently configured as three flats, the property is fully tenanted by reliable, long-term tenants - a key reason the owners have held onto it for so long.
• 1 Park Avenue: $440 per week
• 1A Park Avenue: $410 per week
• 1B Park Avenue: $560 per week
Total rental income: $1,410 per week (approx.).
Located close to Old Papatoetoe town centre, Papatoetoe Train Station, motorway access, schools, and local amenities, this position ensures strong tenant demand and future growth potential. With the recent legislative changes and improving investor confidence, opportunities like this are not to be missed.
Whether you're looking to landbank, develop, or simply secure a solid investment, 1 Park Avenue, Papatoetoe offers it all.
Contact Aman Gulia and Deepak Nain today for more information or to arrange a viewing!
Property ID: #L33974265
Deepak Nain Harcourts JK Realty
Aman Gulia Harcourts JK Realty
License Details: Licensed under REAA 2008
Office Harcourts JK Realty Licensed under REAA 2008
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
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