Large land holding in CBD with cash flow

22- 24, Stafford Street, City Centre, Dunedin

Tender

Proposed Usage
Industrial
Land Area
2024.00 m²
Description:
Property ID
1b8jhch

Large site (2,024 sqm) on two titles in Stafford Street. Four character buildings with multiple income streams. Three commercial tenants, four residential tenancies plus rented car parking. Total income approximately $108,000 net per annum.

This city precinct is enjoying a revival. Numerous redevelopments of heritage buildings throughout the Vogel Street warehouse district and now radiating to adjacent streets.
This property has great potential for redevelopment yet is generating a substantial cash flow from existing tenants.
Deceased estate calls for definite sale.
Combined government valuation $760,000.
Inquire for full details today.
Tender closes Wednesday 7 October 2015

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City Centre Area