This is a quality well-maintained freehold commercial investment property, zoned industrial, with resource consent for its current use. It has three office tenants and a large onsite carparking area, a 3-bedroom apartment and a large industrial workshop and double garage. The apartment and workshop are vacant on possession (workshop now for lease).
Located in South Dunedin, it is close to the motorway and to Andersons Bay Rd, and is only 5 minutes from the CBD.
The site is well maintained, has been recently repainted, and has a new security system and new fencing and gates.
The apartment could be used as a luxury 'pad' if you live out of town, or rent it out (assessed at $700pw), or live there and enjoy the returns from the rest of the site. The apartment was built around 2008, is fully double-glazed, and has:
- Big living areas with a dining area, large lounge, and conservatory
- A generous kitchen with modern appliances
- Spacious master bedroom with full walk-in robe and ensuite
- Two large double bedrooms, one with a walk-in robe
- Main bathroom with spa bath, shower, toilet and vanity unit
- Separate laundry with storage, dryer and washing machine
- Dual access
The recently renovated 294m2 workshop has a new roof, new LED lighting, and a 4-ton vehicle hoist. It could be leased for approx $30,000 per year + outgoings + GST, or it would be a great workshop if you own classic cars or want a man cave.
There are three office tenancies of approx 214m2, 313m2 and 58.5m2 respectively, generating a robust income stream.
If the apartment and workshop were leased out (which should happen quickly in the tight residential rental and industrial markets locally), the site would generate a substantial income from three different market segments, being residential, office, and industrial.
For sale by negotiation.
Contact us today to request an information pack or arrange viewing.