31 George Street, Port Chalmers, Port Line

Freehold heritage investment opportunity

31 George Street, Port Chalmers, Port Line

Freehold heritage investment opportunity

Commercial Sale

By Negotiation

About

Rarely available, this is a fantastic opportunity to secure a freehold character building on George Street, Port Chalmers with a commercial tenant and refurbished short stay accommodation.

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The grand old lady is known as ‘The Portsider Tavern’ – with a ground floor commercial lease in place until 2032 and two quality apartments (one x 2 bed and one x 3 bed) on the upper floor with independent access. Great mix of commercial and residential – suit investor looking to maximise a total rent return of at least $80K PA nett given Dunedin’s growing demand for short stay/Airbnb accommodation. Enquire now for full details.

Prime Port Chalmers location.
Engineering report available.
Huge upside in short stay rent return.
Secure commercial lease.
Viewing by appointment only.

property details +

Web iD: COMMB1098
Approximate land area: 448m2
Approximate floor area: 497m2

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Agent

Merrin Bath

Merrin Bath

Commercial Consultant

Mobile: 027 202 0903
Direct dial: 03 470 2549