Description
Substantial freehold industrial property comprising two separate titles totaling approximately 2,881 sqm of prime land area. This exceptional opportunity offers an excellent combination of office accommodation, workshop facilities, and open yard space, making it ideally suited for various industrial and commercial operations.
PROPERTY HIGHLIGHTS:
• Total Land Area: 2,881 sqm (approx.)
• Lettable Area: 1,768 sqm (approx.)
• Building Area: 642 sqm (approx.)
• Zoning: Industrial Section 19
• Tenure: Dual Title Freehold
INVESTMENT ADVANTAGES:
• Dual Title Freehold providing development flexibility
• Mixed-use configuration with offices, workshop, staff facilities & yard
• Established long-term tenant with reliable occupancy history
• Strategic arterial route position on prime Kaikorai Valley Road
• High-demand industrial area
DCC RATING VALUATION (as of 1.7.22):
395 Kaikorai Valley Rd: Capital Value $1,100,000 (Land $550,000 | Improvements $550,000)
399 Kaikorai Valley Rd: Capital Value $385,000 (Land $385,000 | Improvements $0)
SALE METHOD:
Tender closes at midday, 12pm, Wednesday 25 June 2025 with prior unconditional offers considered.
This outstanding opportunity is perfect for investors seeking a well-positioned industrial asset with strong fundamentals and significant growth potential in Dunedin's expanding industrial sector.
Contact our exclusive agents today for more information!
