426 Moray Place, Dunedin Central, Dunedin City

Central CBD Prime Office Building with basement parking

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426 Moray Place, Dunedin Central, Dunedin City

Central CBD Prime Office Building with basement parking

Commercial Sale

By Negotiation

About

426 Moray Place is a strategically positioned freehold stand-alone office building with basement parking and represents an excellent opportunity to purchase this property located in a profile position in central CBD Dunedin. With the ground floor tenant (government tenancy) providing holding income and the ability to further modernize/develop the first-floor tenancies to add additional income, this site offers potential to an astute investor/developer or owner occupier. A modern office building with an IEP of 70% NBS, lift access, basement parking and excellent frontage to Moray Place, this building ticks a lot of boxes.

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Key investment highlights:

•Total site area of 637sqm (more or less)

•Current rental of $101,700 PA plus GST

• Opportunity to develop the first-floor tenancies of 420m2 (more or less)

•Central CBD location

•Freehold tenure

•14 on site carparks

•Zoned Central Business District (2GP)

•Earthquake Assessment 70% NBS

The property sits in a profile position in Dunedin's CBD, in the upper quarter of Moray Place opposite First Church, surrounded by other quality office buildings, and sits in very close proximity to a number of local landmarks/precincts, including; Lower Stuart Street, the new Central Dunedin Bus Hub (located on Great King Street), The Octagon, George Street shopping precinct, Countdown Central, the new Dunedin Hospital site, Farmers, DCC Civic Centre, Dunedin Town Hall, The Public Library, and much more.

Enquire now for a full information memorandum, viewing strictly by appointment only.

property details +

Web iD: COMMB1454
Approximate land area: 637m2
Approximate floor area: 1260m2

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Agent

Merrin Bath

Merrin Bath

Commercial Consultant

Mobile: 027 202 0903
Direct dial: 03 470 2549