686 Great King Street, North Dunedin, Dunedin City, Otago

^Land 1012m²

Sold

North End - Development Potential - Holding Income

686 Great King Street represents a unique opportunity to purchase a quality North Dunedin property with both holding income and add-value/development potential.

The property is located in an excellent position being situated on Great King Street (the Northbound section of State Highway 1). Surrounding buildings include University buildings, motels, residential properties and commercial businesses (KFC, McDonald's, Taco Bell, Domino's Pizza and many more).

686 Great King Street has a frontage to Great King Street of approximately 20.06 meters.

The property consists of one freehold title with a land area of 1,012m2 (more or less). The building is leased to a single tenant on an initial lease term of 3 years from 30 July 2018 plus one further right of renewal of three years with a final expiry date of 29 July 2024 (with redevelopment clause).

For Sale by Negotiation.

Seldom do opportunities such as this come available for purchase in the local market. Please get in contact for further information.