QUALITY MULTI-TENANTED INVESTMENT ON GEORGE STREET

111-117 George Street, Dunedin

Investment / Retail For Sale

For Sale by Deadline Private Treaty closing at 4.00pm Wednesday, 4 Dec 2019 (Unless sold prior)    Tenanted Investment

Description

The property sits in a high profile location on George Street, Dunedin’s main street, surrounded by a number of well recognised businesses including Farmers, AMI, BNZ, ANZ, Westpac, Whitcoulls, Bivouac, and in close proximity to The Octagon and the three main shopping centres, the Meridian, Golden Centre and Wall Street Malls. The site also sits in close proximity to 193 Moray Place, a site the Dunedin City Council are currently promoting to market as a potential Hotel development site). 

111-117 George Street has a frontage to George Street of approximately 12.69 meters.

The property consists of two stratum in freehold titles, and comprises three separate street level retail tenancies.

Seldom do tidy investment opportunities such as this come available for purchase, this represents a truly unique purchasing opportunity.

Dunedin City Council intends to spend $60m as part of proposed upgrades of the city centre, which includes upgrade works to George Street. For more information please visit the following link: https://www.dunedin.govt.nz/council/policies,-plans-and-strategies/plans/central-city-plan/retail-quarter

Contact a nominated broker for further details. 

Features

  • Built in rental growth
  • Earthquake strengthened
  • Total rental approx. $142,237pa plus GST

Map

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