Description
If you've been searching for a solid, income-producing commercial investment, this is the one worth stopping for.
Occupying a prominent 563m² freehold site on Princes Street, this multi-tenanted building delivers immediate income, strong tenancy diversity, and long-term flexibility.
Secure Income from Day One
With seven established commercial tenants spread across 1,030m² of lettable area, your investment is not dependent on any single occupier. The ground floor hosts a butcher shop, barber shop, and gallery and retail space, alongside a rear storage tenancy. The first floor accommodates a florist, a massage, beauty and occupational therapy practice, and a therapist - a well-rounded mix of everyday services.
Gross income sits at approximately $83,000 p.a. + GST, with a net return of approximately $65,600 p.a. + GST.
A Platform for the Future
Zoned Commercial and Mixed-Use under the Dunedin City Council 2nd Generation Plan, the property carries real long-term optionality. Whether you're looking to hold and collect a reliable income stream, reposition the tenancy mix, or explore future development potential, the zoning supports a wide range of commercial, retail, and mixed-use possibilities.
| Capital Value $731,000 as at 1 July 2022
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For further information, including the full Information Memorandum and Tenant Schedule, please contact the exclusive agents.
