Commercial Investment with Apartment!

    By Negotiation
    186 Macandrew Rd, South Dunedin

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    Features

    • Commercial Investment
    • Options with fully specced Apartment
    • High NBS Rating

    Description

    Fully tenanted, this quality freehold commercial site has multiple office tenants: Precise Consulting & Laboratories Ltd and Presbyterian Support Otago on the ground floor, and Sky TV and DB Breweries Ltd on the first floor, with a large onsite carparking area servicing these tenancies.

    A luxury three-bedroom apartment completes the first floor (the apartment is spacious, well designed with all day sun, has high quality fixtures and fittings, and will seriously impress!). There is also a tenanted industrial shed, as well as further storage and a large double garage for the apartment.

    This freehold property has a lot of appeal. Immediate possession of the apartment could be negotiated. Once vacated, this could easily be used for AirBnB, or as a luxury 'pad' if you live out of town but visit frequently, or as a quality rented apartment, or you could live in it yourself and enjoy the returns from the tenancy income!

    The apartment features:
    - Dual access (separate external or shared internal stairs)
    - Big living areas with a generous designer kitchen, dining area, and large lounge flowing into a conservatory / deck area
    - Spacious master bedroom with full walk-in robe and ensuite
    - Two large double bedrooms, 1 with a walk-in robe and the other with a full wardrobe
    - Separate main bathroom with spa bath, shower, toilet and vanity unit
    - Large separate laundry with storage, dryer and washing machine
    - A full double garage in the adjoining large shed
    - A large storage room next to the garage

    This is a freehold site, zoned residential but with resource consent for mixed office/residential use, and it has an IEP report showing the main building at 73% NBS.

    Located in South Dunedin, it's close to the motorway, to Andersons Bay Rd, and is only 5 minutes from the CBD.

    For sale by negotiation.
    Contact us today to find out more or to arrange viewing!
    **NOW UNDER CONDITIONAL CONTRACT**

    Property Data

    • 1688m² (0.1688 ha)
    • 1239m²

    Property Documents

    • LIM 322860 - 186 Macandrew Road
    • Information Memorandum
    • IEP Report
    • Request Documents

    Map

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