• Prime corner site in the heart of Dunedin's CBD
• Long term anchor tenant is Polson Higgs - Accountants
• Currently returning a net income of $329,000pa + GST
• Freehold 1,088sqm (more or less) site with carparking
• High seismic rating (100%)
This is an excellent opportunity for investors to acquire a freehold investment in the heart of the Octagon CBD. The anchor tenant Polson Higgs - Accountants have been in occupation for over 25 years. They are housed on the two upper floors of the building with access off Stuart Street. The ground floor, with access off Moray Place, is split into two further tenancies. One of the tenancies has a new five-year lease in place commencing from 1 June 2022. The other tenancy is approximately 268sqm and is available for lease.
The property boasts 11 exclusive onsite carparks, has amenities over all three levels of the building and has views across to St Paul's Cathedral and the city beyond. With a major fit-out refurbishment completed by the tenant in 2019 this visually appealing property commands a prominent position on the corner of Stuart Street (the main thoroughfare to the Octagon) and Moray Place.
In summary, this is a quality office investment. It is well located, well tenanted and has all the attributes that manifest pride of ownership. Opportunities of this calibre in the Octagon CBD are seldom available.
Number of Levels: 3
End of Trip Facilities: Yes
Office Area (sqm): 1,724
For Sale Available from: 13 May 2022
Investment Type: Tenanted Investment
Commercial Type: Office
No of Car Parks: 11
Sale GST: Plus GST (if any)