31 George Street, Port Chalmers, Port Line

Freehold heritage investment opportunity

31 George Street, Port Chalmers, Port Line

Freehold heritage investment opportunity

Commercial Sale

Deadline Sale

Closing 4pm Wednesday 31st July 2019, at our Dunedin office (no prior offers considered)

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