The property is located in a high profile position with dual street frontage and access from both Midland Street and Turakina Road. The property poses a unique opportunity to purchase a large property holding with a number of quality fundamentals investors/owner occupiers/developers often look for but struggle to find in the local Dunedin market. The site is located in close proximity to Andersons Bay Road, and also directly beside the new Mitre 10 extension/development on the corner of Turakina Road and Timaru Street.
There are 7 commercial tenancies within the property. The total net annual rental for the tenancies (less unrecoverable outgoings and ground rental) equates to $63,962.22pa plus GST and outgoings (approx).
The property consists of one leasehold title with a land area of 5,611sqm (more or less).
Marketed for Sale by Deadline Private Treaty closing at 4pm on Wednesday 26th April 2023 (unless sold prior).