


Listing Description
Motivated Vendors
18 Irk Street, Gore, Southland
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Capital value (CV) | $520,000 |
| Parking | Council street parking only |
| Agency reference | GO32458 |
Description
Superb split-risk investment property strategically located in the heart of Gore's bustling town centre. This split risk freehold investment property will appeal to owner-occupiers and add value investors. Configured with 3 separate retail tenancies. 18 Irk Street offers a prime investment opportunity with a return of 10.37%.
Investment Features: ? Freehold 743sqm site with 728sqm building area ? 2 retail tenancies. ? Current net income: $70,000 + GST + OPEX ? Strong rental growth potential ? Prominent Irk Street frontage with high visibility ? Close to supermarkets, banks, cafes & national retailers ? Freehold title with commercial zoning
This is a rare opportunity to secure a split-risk investment in a strategic Southland hub. The vendor's instructions are clear - this property will be sold.
$675,000 plus GST (if any)
Please note: Land and Floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e Regional/City councils, Propertysmarts/REINZ/Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.
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