New York style apartment, tenanted flats, commercial space and car parks, this property has it all. Located in the central city boarding the Dunedin CBD, this property is extremely convenient for the modern young professional or slightly older students seeking accommodation with a twist.
The property houses four modern style flats/apartments that have been renovated several years ago to work with the building's rustic features, giving the flats that something a little special that tenants love. The leased commercial space in the basement area serves the tenant well and could be used for future development, subject to the required consents.
The building returns approximately $156,700 per annum for the signed 2022 tenancies, offering a 6.7% return on the asking price.
Please send an email enquiry to obtain the full disclosure details in our Colliers Information Memorandum, including tenancy schedule, floor layouts and 3D Virtual Tours for each space.
Viewings are strictly by appointment once the information has been assessed. Please feel free to call to discuss too.