216 King Edward Street, South Dunedin, Dunedin City

Prime Freehold Corner Investment Opportunity

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216 King Edward Street, South Dunedin, Dunedin City

Prime Freehold Corner Investment Opportunity

Commercial Sale

Deadline Sale

Closing 4pm Wednesday, 13 July 2022, at our Dunedin Office (578 George Street, Dunedin)

About

An excellent opportunity for an astute investor to secure this high profile, prime corner site comprising a stand-alone single level building occupied by Westpac Bank combined with exclusive on-site parking for 13 cars. Positioned on two freehold titles, this site offers an enviable location given its profile to King Edward Street and access to parking from McBride/Rankeilor Streets. Premises have a NBS of 70% and are well maintained. This area is popular with service-based businesses enjoying high foot traffic, on street parking and a nearby new development attracting high quality tenant interest. Current lease in place returning $112,500 PA plus opex plus GST. This is a well-located corner site, rarely available, offering future options with commercial/mixed use zoning under the 2GP. Enquire now for a full information memorandum. Viewing by appointment only.

property details +

Web iD: COMMB1399
Approximate land area: 848m2
Approximate floor area: 404m2

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Agent

Merrin Bath

Merrin Bath

Commercial Consultant

Mobile: 027 202 0903
Direct dial: 03 470 2549