Merrin Bath

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191-193/213-214 Main South Road, Green Island
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)
Listing No: L27603131
27a Gow Street, Mosgiel
Modern industrial warehousing coming available in Mosgiel, comprising of an open plan warehouse space with facilities (toilet and shower). Large roller door with motorized opening, approx. 5.2m wide x 4.5m high, premises are circa 9m wide x 16m long, approximately 140m2 (more or less). Three phase power, and compressor unit at rear. Asking rental $18,000 PA (gross) including rates, insurance and water rates - Tenant to pay own utilities. Vendor is not registered for GST. Enquire now to view.
Listing No: L27486489
265 Princes Street, Dunedin Central
Sunny, bright, open-plan office premises with views and an exclusive outdoor terrace on Level 10, John Wickliffe House in heart of Exchange Area. Excellent office space with kitchenette, very well-presented premises. Would suit an entity looking for open plan offices. Asking rental $25,000 PA (gross) plus GST. Basement parking (two parks) available at additional cost $55 per week per park plus GST. Fully compliant building with lift access. Enquire now to view.
Listing No: L27280554
483 George Street, North Dunedin
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.
Listing No: L26950066
403 Princes Street, Dunedin Central
In a very special location on Princes Street - this newly developed area is a must for your business venture. Landlords have strengthened the building to provide three superb retail locations - two of which are occupied by a popular butchery business, a bakery and now the final piece of the jigsaw is up for lease. Offering a ground floor retail location 93m2, with newly glazed frontage and amenities at the rear, a basement is also available for lease -with an additional 93m2, and access to the rear of the premises via a steel framed stairwell. Landlords will assist a Tenant to finalize fit out works pending Tenants requirements. Basement can be leased separately if required or together with the ground floor retail. Asking rental for ground floor premises: $25,000 PA plus opex plus GST Asking rental for the basement $15,000 PA plus opex plus GST Enquire now to view and for more information.
Listing No: L26897719
1 Bond Street, Dunedin Central
Affordable single office location on the Solomons Building at 1 Bond Street, on the 2nd floor, (Office 2). Premises include shared access to a very well-presented boardroom, kitchen facilities and bathroom. Annual rental $7,800 plus GST, includes electricity, access to fibre internet and cleaning of common areas. The building has been significantly refurbished and viewing will impress. Call now to view.
Listing No: L26954949
40-42 Prince Albert Road, Saint Kilda
Fully leased commercial premises fronting Prince Albert Road are seeking new owners. Current owner is ready to on-sell to an investor, having enjoyed the income for over 20 years. Occupied by a long-standing single tenant, the premises consist of showroom/offices, with facilities and a warehouse at the rear - with drive in access from Calder Street. Tenant is returning $46,618 PA plus OPEX plus GST. Lease details and full information memorandum available on request. Viewing by appointment only.
Listing No: L26701615
77 Lower Stuart Street, Dunedin Central
Outstanding premises available in a premier location on the first floor of The Chamberson with plenty of natural light. Newly developed to a very high standard, you will love working from this central city heritage location. Open office area, access to meeting room/board room plus standout kitchen, with modern amenities from high-speed internet connectivity to advanced security systems, over a total floor space of 180m2 (more or less). Suit professional services-business wanting a highly professional upmarket office location. Premises are 100%NBS with a new lift. Terms by negotiation, enquire now to view.
Listing No: L26721331
60 Tennyson Street, Dunedin Central
Sunny offices on the 1st floor of Trevian House, circa 81m2 (more or less) with one onsite basement park. Offering a reception/open plan area, three meeting rooms, storage and access to a shared kitchen/and two-bathroom facilities each with a shower. Terms by negotiation. Fully compliant premises with lift access and basement parking. Asking rental $21,000 PA plus a small share of opex estimated at $600, plus GST - plus one park at $45 per park per week plus GST. Viewing will impress.
Listing No: L26689243
65 Leith Street, North Dunedin
Fantastic location on Leith Street, in Dunedin's north end. Industrial zoned warehousing, offices over two levels and storage - with four onsite carparks. Suit many uses, warehousing has street access, current tenant is relocating - has been a printing/manufacturing location for many years. Excellent signage options. Free on-street parking nearby and 10 min parking at the door. Enquire now for more information.
Listing No: L26698433
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