North Dunedin - Rarely Available Knox Row Commercial Premises

Description

A rare opportunity to secure a freehold commercial property offering further options on popular Knox Row on George Street in Dunedin's north end. With existing tenancies providing holding income and the opportunity to add value to this site, the premises site on one freehold title of 582m2 (more or less) at 483 George Street, North Dunedin.

The subject property is located in a busy foot traffic area with a number of other quality commercial hospitality /retail tenancies and accommodation options. The property provides a good holding income with commercial leases in place for the ground floor tenancies, an upper-level clinic space and two further clinic spaces on the upper level are on a month-to-month arrangement. Seven carparks are located at the rear of this property and accessed from George Street. The premises have an engineering assessment of 73% NBS.

This site may suit an owner occupier/investor or potentially a developer who may want to convert the clinic spaces upstairs into an apartment - or add additional level (s) to this property for accommodation options.

Zoned: 2nd Generation District Plan Central Business District, Section 18, Commercial and Mixed Use. The property offers an astute investor the opportunity to secure tightly held real estate on Dunedin's Knox Row on George Street.

Current owners have held this property for over 33 years and are now ready to divest their asset.

For a full information memorandum information, lease details, LIM report and engineering assessment contact the exclusive agents now.