Positioned on one freehold title on 422m2 (more or less) with a floor coverage of 760m2 returning an annual gross income of $124,615 PA plus GST, following a recent rent review. The premises have recently been earthquake strengthened with an engineering assessment provided showing the premises at 75% NBS. The building has been restored/repainted externally and is well maintained. This fabulous character property offers a diversity of income streams and future development options. With several new developments in the area including the Kiwi Rail Hillside Workshops and Dunedin City Council’s new library development on King Edward Street, this area is fast becoming a popular destination for shoppers and a community hub.

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

• Superb character investment opportunity on one freehold title 422m2 +/-
• Duke’s Building with eight retail/office tenancies returning (gross): $124,615 PA plus GST
• Restored and refurbished, built in 1920s for W M Duke’s and Sons Limited
• Zoning: Principal Centre, 2GP, Section 18, Commercial and Mixed Use

Web iD: COMMB1637
Approximate land area: 422m²
Approximate floor area: 760m²