433 Stuart Street presents a rare opportunity for investors to acquire a strategic investment on a main arterial route into Dunedin's CBD. This freehold property with strong profile and high traffic count offers a diversified income structure with three separate commercial tenants, including international brands Subway and Domino's.
The site has a total land area of 1503sqm, which accommodates two buildings with a combined floor area of 415sqm (approximately) and 22 freestanding car parks. With dual access off Stuart Street and Kaikorai Valley Road, the 94m (more or less) street frontage ensures the commanding corner site benefits from huge exposure. 433 Stuart Street has a rental return of $105,400 per annum + GST and an NBS of 69%+.
The property is being offered for sale by way of Deadline Private Treaty closing at 4pm on Tuesday 7th April 2020. Quality investments are rare in this market so don't delay in requesting further information.
Chattels: 3/433 Stuart St Chattels include: 4 x chairs, 1 x gas heater, 1 x rubbish tin, 1 x stereo, 1 x cash till, 1 x deep freeze, 1 x microwave oven, 1 x 3 burner SS gas cooktop, 1 x grease trap, 1 x SS ventilation system, 1 x rice cooker, 1 x SS sink bench, 2 x SS trolley, assorted bins and containers, 2 x desks (upstairs), 1 x desk chair (upstairs), 1 x shelving unit (upstairs), assorted pots, pans, implements, 2 x light box signs outside, 1 x light box sign inside
Investment Type: Tenanted Investment
Commercial Type: Retail
No of Car Parks: 22
Sale Location: 35 The Octagon, Dunedin
Sale Rule: (unless sold prior)