ASB House, 248 Cumberland Street, City Centre Dunedin, Dunedin City, Otago

^Floor 442m²

For sale

$950,000 plus GST (if any)

Price Reduced! Prime CBD Purchase Opportunity

PRICE REDUCED!

The subject property represents a fantastic opportunity to purchase in a prominent position on Cumberland Street (State Highway 1). The property for sale is the Ground Floor unit title of ASB House, a 9 storey office building.

Unit A (the ground floor) comprises of 2 tenancies, the rear tenancy is now vacant, previously having been occupied by The Lab, and the front tenancy is currently occupied by the New Zealand Defence Force at an annual rental of $65,937.60pa plus GST (gross), including 3 basement carparks, on a 1 year renewed term from 8 January 2024.

The property is located one block to the west of the new Dunedin Hospital site. Other key tenants in the wider building include ASB, PKF, Mediaworks, Warren and Mahoney, Colliers, GHP Law, and many more. The property also sits in close proximity to Stuart Street, The Octagon, The Exchange, Moray Place, Toitu and the Meridian, Golden Centre and Wall Street Malls, and the George Street shopping precinct. The site also benefits from access off Dunbar Street.

Now For Sale at $950,000 plus GST (if any).

Contact our nominated broker for more details.