Commercial Property with Apartment!

    By Negotiation
    186 Macandrew Rd, South Dunedin

    Features

    • Occupy, Develop or Invest
    • Options with fully specced Apartment
    • Residential, Office and Industrial

    Description

    This is a quality well-maintained freehold commercial property, zoned industrial, with resource consents for its current use. It currently has two office tenants and a large onsite carparking area, a 3-bedroom apartment and a tenanted large industrial workshop and double garage. The first floor offices and apartment are vacant on possession.

    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 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 constructed 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, this tenancy is leased long-term and is currently being advertised for sub-lease as the tenants needs have changed.

    There are two leased office tenancies of approx 214m2 and 158m2 respectively, and a 217m2 tenancy vacant on possession.

    Opportunity here for an owner-occupier with potential to occupy the apartment, a substantial area of office, and the workshop by negotiation.

    Alternatively if all vacancies were leased out 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.

    Property Data

    • 1688m² (0.1688 ha)
    • 1239m²

    Property Documents

    Map

    Contact the Agent






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