Fully Leased CBD Offices with upside

A fully leased modern office investment on Dunedin's State Highway 1 now fully tenanted, returning a gross income of $67,800 PA plus GST with agreed rental increases in 2027 and 2029. This stand-alone commercial property delivers what every astute investor wants, with quality tenants in place and rental growth locked in, this is an income-producing asset in a precinct set to transform with Dunedin's $2B hospital rebuild.

Investment Highlights:
• Secure Income Stream - Returning $67,800 PA gross plus GST, stepping up to $74,800 in 2027 and no less than $77,800 in 2029.
• Strong Tenant Mix - First floor leased to a global recruitment company; ground floor anchored by a long-standing local framing business.
• Modern Building - Service retail and modern offices with 75% NBS rating.
• Strategic Location - Prime frontage on State Highway 1, in the warehouse precinct, minutes from the CBD, The Octagon, and the new hospital site.
• Future-Proofed Holding - Leasehold tenure secured for 21 years, in a city-fringe location

The property sits in a high profile position on the City's one-way system north into Dunedin on State Highway one, in the warehouse precinct by Vogel Street, surrounded by other quality office and retail tenancies, including easy access to all arterial routes, the Exchange, the one-way system heading South, close to other large scale bulk retail, The Octagon, Dunedin Railway Station, Toitu Otago Settlers Museum, the new Dunedin Hospital site and much more.

Enquire now for the full information memorandum. Viewings are strictly by appointment only.