Papakura, the New Central South!

As the squeeze on Auckland’s industrial infrastructure and scarcity of development land increases, suburbs such as Papakura are now very much on the map! 10km South of 10 Vernon Street, Papakura, property giants Goodman and Stevenson are working on the Drury South project comprising 223ha(net) of industrial zoned land, making sale opportunities previously considered on the very Fringe of Auckland, now at the forefront of astute investor’s radars. The 800sqm premise at 10 Vernon Street is positioned on a 1,498sqm freehold site. The building is currently split in to six small units ranging from 117 – 177sqm, offering a great split risk investment for prospective investors. “The building offers great rental return, growth and unlimited potential under the Mixed Use Zone” James Group Director, Blair James . 10 Vernon Street will be sold with vacant possession. “Split risk investment opportunities such as this at 10 Vernon Street are few and far between” James Group Commercial and Industrial agent Peter Hwang says. A savvy investor will realise the opportunity to purchase in one of Auckland’s underdeveloped industrial precincts and land-bank a strategic cash cow investment. With the added twist of mixed use zoning, these units allow for endless opportunities on site, comfortably converting to work live units within 1km from the centre of Papakura. The building which was originally constructed in the 1970’s has been recently refurbished to an immaculate standard. Refurbishments include new cladding – 200mm iron sand colour steel, a full interior and exterior repaint, new electric roller doors, power meters (each unit), kitchenette facilities and amenities, LED lights, alarms and locks for (each unit), and all power has been installed underground. This freehold, standalone industrial building proposes great value and the potential to add further value to investors and developers. An easy 5-minute drive grants access to both SH1 Southern and SH20 Southwestern motorways, bringing neighbouring suburbs to your fingertips.