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 landb
