Inner city investment
75A and B, York Place, City Centre, Dunedin
Price On Application
- Proposed Usage
- Floor Area
- 245.00 m²
- Property ID
For sale by Deadline Treaty closing 4pm, 23 August 2017 (unless sold prior)
This property is a very attractive investment with many proper real estate credentials. Importantly it enjoys two types of income streams, commercial and residential.
It is located in lower York Place and is adjacent to the CBD. This location is attractive to commercial and residential tenants alike.
The building is a handsome, two storied, double brick which was designed and constructed in 1903 for Dr Emily Siedeberg, New Zealand's first woman medical graduate. She owned the property until the late 1960s. The current owner, also a woman graduate from Otago University, completely refurbished the building in late 2000s.
The ground floor has two commercial tenants. Doctor Safari Medical Appearance Clinic and Advanced Hair Studio. Upstairs are four ensuited double rooms and a communal kitchen. There are two available car parks for monthly leasing.
This combination of residential and commercial tenancies makes for a good risk profile while allowing the investor an entry commercial property investing.
The greater property subdivided in the 2000s into unit titles. 75A and 75B York Place make up two of six components of the Body Corporate.