134 Gorge Road, Town Centre, Queenstown-Lakes, Otago

This is a quality high profile commercial investment property, fully tenanted with established occupiers in retail/showroom and office space with ample car-parking.

Located on a prime 2,142sqm corner site approximately 1km from the CBD, the property has frontage and access onto both Gorge Road and Bowen Street. Gorge Road is a key north east arterial between Queenstown's CBD, Arthurs Point, Coronet Peak ski area and Arrowtown.

The property has a combined net lettable area of circa 1,180sqm split across two levels. Originally built in the late 1990s, the building has been well configured to provide a flexible mix of showroom, offices, and studio space of a quality standard.

Under the Operative District Plan the property has a Business Zoning, contained in one freehold title with future development potential under the Proposed District Plan (PDP).

Investment highlights:

• Fully tenanted - returning $365,816 + GST annually + OPEX
• High profile retail/showroom close to CBD
• Scarce freehold property with prime corner profile
• Quality tenants - surrounded by a mixture of local operators
• Floor area 1,180sqm
• Land area 2,142sqm (more or less)

For Sale - Asking Price $7,350,000.

Please contact Mark Simpson or Rory O'Donnell to arrange an inspection, or to access the online data room for further information.