Centre city commercial residential gem

• Central city investment over three levels, seven car parks
• Profile intersection with double street frontage
• Recently strengthened 380sqm building with 70% NBS
• National commercial tenant and annual residential rental increase upside

Well presented split commercial and residential investment in a central CBD area that has been experiencing keen investor interest.
320 Moray Place is within close proximity (birds eye view) of the new Dunedin Hospital site and on the doorstep of the recently completed central city transport hub and Countdown supermarket. Five to ten minutes walk to Otago University.
The ground floor and car parks are occupied by the New Zealand Racing Board (TAB). Seismic strengthening and building upgrades were undertaken in 2017/18 bringing the building up to 70% of NBS.

A tidy investment. Call now for more information.

Agent details:

Nick Lucas

020 477 6778

Additional Features

  • Investment Type: Tenanted Investment

  • Commercial Type: Retail, Other

  • No of Car Parks: 7

  • Retail Area (sqm): 286

  • For Sale Available from: 15 Aug 2019

Nick Lucas (Phone +64 20 477 6778)
Nick Lucas
Business Sales Consultant
2-6 Carroll Street
Central City
• Total 1,201sqm (more or less) on two titles • Highly visible corner site on busy main street intersection plus easy access • Proximity to CBD,...