35 Crawford Street is a strategically positioned stand-alone super modern and bright office/retail building over two levels on State Highway 1 offering profile and holding income from the ground floor retail tenancy, with offsite car parking available (additional cost). Sunny first floor offices (circa 252m2) offering vacant possession and a superior office fit out, open plan on entry with multiple offices/meeting rooms, a board room (with self-contained concealed bar facilities) and independent kitchen/bathroom facilities, with the ability to be a dual tenancy. This site offers potential to an astute owner occupier/investor/developer, with many banks offering 100% finance for owner occupiers. A modern office building with a reported IEP of 75% NBS and excellent frontage to Crawford Street. This building ticks a lot of boxes, given its City fringe location/warehouse precinct, proximity to CBD city-centre activity and all arterial routes including the nearby hospital rebuild site. Plenty of on-street parking at the doorstep and vendors have secured potential long term lease carparking nearby. Leasehold tenure is an opportunity for entry level investors/owner occupiers to secure a commercial investment with servicing at an affordable level.
First floor offices also available for lease.
Key investment highlights:
• Total site area of 283m2 (more or less)
• Current holding income of $38,800 PA plus GST
• Suit owner occupier with banks providing 100% lending capability
• Opportunity to occupy/develop the first-floor tenancy of 252m2 (more or less)
• Fringe City location – close to CBD and warehouse precinct
• Leasehold tenure – ground rental agreed for 21 years
• Zoning: Warehouse Precinct
•Earthquake Assessment 75% NBS
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 a full information memorandum, viewing strictly by appointment only.
