Description
150H Kaikorai Valley Road, Glenross, Dunedin
Located within Dunedin's Kaikorai Valley industrial precinct, 150H Kaikorai Valley Road presents an affordable, multi-tenanted investment opportunity with diversified income, practical access and industrial zoning under the Dunedin City Council Second Generation District Plan.
The unit-title property comprises approximately 528m² of building area and is currently occupied by a range of tenants. With multiple income streams, the investment offers reduced reliance on any one occupier and potential flexibility for an incoming purchaser.
The property generates gross annual rental income of $70,323.96 plus GST where applicable, with estimated net annual income of $44,798.44 plus GST where applicable.
Investment highlights
• Industrial-zoned property under the DCC Second Generation District Plan
• Approximately 528m² building area
• Diversified income from multiple occupancies
• Core workshop tenant
• Three on-site car parks
• One-third share in common parking and shared asphalt yard/access
• Unit title
• Assessed at 49% NBS
• Dunedin City Council determined the building was not earthquake-prone in October 2021
• Rating valuation of $640,000, effective 1 June 2025
With established rental income, an industrial precinct position and multiple occupancies, this is an opportunity for investors seeking a more accessible commercial investment with income in place.
Enquiries over $535,000 plus GST (if any)
For further information or to arrange a viewing, please contact:
Dan Hofmann
021 028 51003
[email protected]
Jacquie Sutton
027 477 6072
[email protected]
