145 Stuart Street, City Centre Dunedin, Dunedin City, Otago

^Floor 735m²
^Land 400m²

For sale

$1,780,000 plus GST (if any)

Profile Multi-tenanted Investment

The subject property represents a fantastic opportunity to purchase a prominent property on Stuart Street (just off The Octagon). The Octagon is considered to be the centre of the Dunedin CBD and popular with eateries, bars, nightlife and boutique retailers.

The property sits in a prime central location on Stuart Street, surrounded by a number of well recognised businesses including Bacchus, Emerson's Brew Bar, Vault 21, The Perc, Velvet Burger, Prohibition Smokehouse, Regent Theatre, Reading Cinemas, Dunedin Art Gallery, Dunedin Town Hall, and many more. The property also sits in close proximity to Princes Street, The Exchange, Moray Place, Toitu and the Meridian, Golden Centre and Wall Street Malls.

There are 6 commercial tenancies within the building. The first floor comprises of a mixture of law firms/legal practitioners, one of which has recently vacated. The ex-Kiwinest retail premises on the ground floor has recently been leased to Blueskin Bay Honey and Supply Co (not yet in occupation), and the middle tenancy is occupied by Dunedin Design Inc. The tenancy on the right hand side is occupied by Biggies Pizza on the ground floor, and Suburbia on the lower level which includes 3 carparks and an outside area. The total net annual rental equates to $122,767.29pa plus GST and outgoings (approx).

This freehold offering is offered for sale at $1,780,000 plus GST (if any).