The subject property represents an excellent opportunity to acquire a long term tenanted investment in the popular inner city location of Dunedin.
The property sits in a profile corner position in a central location of Dunedin City. Tenants/businesses in the nearby area include Begg Security, Ricoh, VTNZ, Warehouse Stationery, Emersons Brewery, and the property is also located in close proximity to Otago University and Dunedin Hospital.
DuluxGroup have operated from the subject site since the late 1980s and recently completed refurbishments to the subject property.
Rental of approximately $60,000pa plus GST (with CPI rent review due 1 December 2017). Five year lease from (1 December 2016) with 2 rights of renewal of 5 years each.
The property sits on a freehold site of 5642 (more or less) with frontages to Hanover and Leith Streets, with good on site parking.