A mixed use unit across the road from the Westfield Shopping Centre in Manukau, with commercial space at ground floor level and residential accommodation above, is for sale offering a number of options for a new owner.
The 350 sq m unit at 710 Great South Road, Manukau is being offered for sale through Nick Bayley, Tony Chaudhary and Janak Darji, Bayleys Manukau by deadline private treaty closing at 4pm, Thursday June 26, unless sold prior.
Double option
Nick Bayley says the two-level unit has recently been refurbished and would suit either an owner-occupier who could live in the upstairs residential unit and operate a retail or commercial business from the ground floor or an investor who could add value to the property by leasing it up.
“We have a very motivated vendor who wants to sell and this represents an excellent opportunity to acquire an affordable mixed use unit in a strong location.”
The vacant 175 sq m ground floor unit was formerly occupied by a restaurant and has a commercial kitchen with the plumbing largely intact. The spacious five bedroom top floor residential accommodation, also comprising 175sqm, has its own separate entrance opening up the opportunity to provide separate tenancies, Nick Bayley said.
It is currently providing holding income of $550 per week.
Quality construction
The unit has reinforced concrete foundation, with external walls of tilt slab concrete construction and portal steel framing inside, and a long run colour-steel roof.
It comes with eight designated car park located outside the unit.
The property is situated between Great South Road and the Southern Motorway in a popular complex near the corner with Redoubt Road. It is close to motorway connections to both State Highway One and State Highway 20 which connects with the airport.
South Auckland’s major shopping centre Westfield Manukau City is located on the other side of Great South Road.
It draws from a catchment area of over 300,000 people and employs around 1500 staff.
The unit has a capital valuation for rating purposes of $690,000.
Please call Nick, Tony or Janak for an appointment to view this opportunity.
