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Listing Description

Listed: Fri, 4 Aug

A standout commercial investment opportunity!

27-29 Tarbert Street, Alexandra, Central Otago, Otago

Price by negotiation

Details

  •   868m² Floor
  •   479m² Land
AttributeValue
Property use
Retail
Parking
Street and rear parking available
Property ID#
IGP318
Agency reference
67878

Description

We present to you a great opportunity for an astute buyer. This Freehold Investment (on the ground floor) and the Freehold Going Concern commercial building (on the first floor) is a 1930s two level commercial building with subsequent additions and renovations having been made to the ground floor retail and office, and the first floor to medium to long term accommodation uses.

The upper level is being currently operated by the owner as a going concern business known as Whitelock Lodge. The building is located on a rectangular shaped corner lot with frontages to Tarbert, Deel and McDonald Streets within the Alexandra Town Centre.

The Land Area is 479 sqm and the Building Area is approx 867.8 sqm. The Seismic Rating is assessed as likely being in excess of 80% NBS.

Tenants include: House of Travel Retail 156.8 m2, McLarens Group Office 46.7 m2, Oh My Retail 92.8 m2 and Owner Occupied Lodge (Whitelock Lodge) 560 m2 a brand-new Lodge Style Accommodation. Equipped with 13 private rooms with shared facilities. Ideal for medium – long term lodgings for employees and contractors.


Map




Adrian Chisholm


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Agent's details

Adrian Chisholm

Enquire about the property

Tourism Properties, (Licensed: REAA 2008)

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