Large centrally located site with holding income

53, Anzac Avenue, City Centre, Dunedin

By Negotiation

Proposed Usage
Development Site
Land Area
7931.00 m²
Description:
Property ID
1bzkh36

This is a rare beast.
Exquisitely and centrally located this large site will be of interest to any entity wishing to undertake a development which is required to sited near the commercial generators of Dunedin. Whether the development be a future residential housing the ever burgeoning tertiary sector, a large commercial building whose function demands a central location or another use that benefits from the strategic location there is no doubt this parcel of land demands consideration.
Of great appeal is the income stream from current multiple tenancies. This holding income will allow a purchaser time for to prepare for future intentions.
Of course the location will remain prime and arguably will become more so as the various commercial segments lay claim to any available large parcels of land in the area. This make the investment in the property a rational one. Such is the location the existing commercial space and buildings will always be in demand.
https://vimeo.com/224011750.

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City Centre Area