Green Island - Significant Green Island Acquisition Available

Description

Rarely available, this significant property acquisition opportunity provides astute investors the ability to purchase one or all three properties being marketed for sale in Dunedin's Green Island. This is a growing suburb in Dunedin's greater metropolitan area with other significant commercial developments underway.

The premises available for acquisition consist of three prime street frontage properties being:

191-193 Main South Road, a stand-alone commercial property on one freehold title of 429m2 (more or less) fully leased, returning nett $54,320 PA plus outgoings plus GST.

213 Main South Road, a stand-alone mixed commercial/residential property on one freehold title of 746m2 (more or less) comprising of two ground floor commercial tenancies and a 2-bedroom spacious apartment on the upper level returning a total nett income of $52,936 PA plus GST (where applicable). An area at the rear of this property could be further developed - currently providing short term lease parking.

214 Main South Road, a freehold property over two titles consisting of a commercial retail convenience store fronting Main South Road, with a three-bedroom apartment on the upper level and four two-bedroom apartments at the rear of the property with significant carparking, with a total nett income for 214 Main South Road circa $136,552.55 PA plus GST (where applicable).

The total nett income for the three properties combined is $243,808.55 PA plus GST (where applicable).

All residential properties in this property holding have been developed and maintained to a high standard and are leased on a mixture of fixed term and periodic tenancies. For full commercial lease details and residential lease terms please contact the exclusive agents for a full information memorandum. The vendor will sell the three properties to one purchaser, or they may be purchased independently of each other. Vendors are registered for GST.

Deadline Sale - closing 4pm, Wednesday 22 May 2024 - (prior offers considered)