Description
Historic Character Meets Modern Investment Potential
Originally designed by acclaimed architect Basil Hooper in 1910 for Thomas Smith, this distinctive brick and tile building combines architectural heritage with contemporary income-generating capability.
DUAL INCOME STREAMS:
• Commercial tenant secured on lease, delivering reliable net returns
• Residential tenant providing additional weekly income
LOCATION ADVANTAGES: This prominent corner site offers exceptional visibility for tenant businesses and sits in the heart of South Dunedin's thriving commercial precinct. Within easy walking distance you'll find the South Dunedin Shopping Centre, the new K-Mart store, The Warehouse, popular fast food outlets, and both Pak n Save and Woolworths supermarkets.
PROPERTY HIGHLIGHTS:
• Net Income: $59,074.20
• Zoned Commercial Mixed Use - versatile for various tenant types
• Recently renovated Level 1 apartment with fresh paint and new contemporary carpet
• Upgraded fireproofing and monitoring systems
• Striking exterior with clever paintwork showcasing the building's architectural features
• NBS 45%