144-166 Hillside Road, South Dunedin, Dunedin City

Superb Character Investment Opportunity

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144-166 Hillside Road, South Dunedin, Dunedin City

Superb Character Investment Opportunity

Commercial Sale

Deadline Sale -

closing 4pm, Wednesday 27th November 2024 at our Dunedin office (no prior offers)

About

High profile stand-alone freehold character premises known as ‘Duke’s Building’ are available for acquisition at popular Cargill’s Corner, South Dunedin. The subject premises located at 144-166 Hillside Road are a rare opportunity to secure fully leased retail/office premises with eight commercial tenants in place.

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Positioned on one freehold title on 422m2 (more or less) with a floor coverage of 760m2 returning an annual gross income of $118,214 PA plus GST. 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.

features +

  • Superb character investment opportunity on one freehold title 422m2 +/-
  • Duke’s Building with eight retail/office tenancies returning (gross): $118,214 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

property details +

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

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Agent

Merrin Bath

Merrin Bath

Commercial Consultant

Mobile: 027 202 0903
Direct dial: 03 470 2549