New Rent Return - Mixed Use Investment

Priced at enquiries over $700,000 plus GST (if any) this property presents an excellent opportunity to acquire a mixed-use commercial/residential premises providing a diversified income stream prominently positioned on the main street of Green Island. This is a growing suburb within Dunedin's wider metropolitan area, benefitting from continued commercial growth and development.

Property Overview:
213 Main South Road comprises a stand-alone, mixed-use building on a freehold title of approximately 746m². The property features:
• Ground Floor: A well-presented commercial tenancy on a long commercial lease
• Upper Level: A spacious two-bedroom residential apartment with quality fixtures and fittings
The combined tenancies generate a total gross income of $65,170 per annum plus GST (where applicable).

Key Property Details:
• Stand-alone mixed-use property on one freehold title
• Located in a rapidly developing Green Island commercial hub
• Character two-bedroom apartment with modern chattels
• Zoning: 2GP - Principal Centre, Section 18 (Commercial and Mixed Use)
• Diversified income stream across two tenancies - apartment recently been relet at $510 pw
• Engineering assessment available
• Vendor registered for GST

For full commercial and residential lease details, please contact the exclusive agent for a comprehensive Information Memorandum.