142-144 Larnach Road, Waverley, Dunedin City

Suburban Investment Opportunity

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142-144 Larnach Road, Waverley, Dunedin City

Suburban Investment Opportunity

Commercial Sale

Deadline Sale closing

4pm, Wednesday 18 September 2024 at our Dunedin office

About

The subject premises are an opportunity to secure two freehold suburban retail properties in a popular area with four commercial tenancies in place, being marketed for sale in Waverley, Dunedin located at 142 and 144 Larnach Road.

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Each freehold title is positioned on 430m2 (more or less) a total of 860m2 returning an annual nett income of $56,253 PA plus GST. The premises enjoy access to the rear of the premises, with parking onsite, an engineering assessment has been provided showing the premises at 80% NBS. A fantastic opportunity to secure these premises with future options for further development.

For full commercial lease details, LIM reports and IEP reports please contact the exclusive agents for a full information memorandum. Vendor is registered for GST.

features +

  • Popular suburban retail premises available for acquisition on two freehold titles
  • Variety of retail tenancies including a takeaway shop, café, hair salon and dairy premises
  • Returning (nett): $56, 253 PA plus opex plus GST
  • Total landholding; 860m2 (more or less)
  • Well-maintained retail tenancies – built in 1960s – 80% NBS
  • Zoning: 2GP, Neighbourhood Centre; Section 18, Commercial and Mixed Use

property details +

Web iD: COMMB1617
Approximate land area: 860m2
Approximate floor area: 500m2

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Agent

Merrin Bath

Merrin Bath

Commercial Consultant

Mobile: 027 202 0903
Direct dial: 03 470 2549