36 George Street, Port Chalmers, Dunedin, Otago

Positioned proudly on the main street of Port Chalmers, this substantial mixed-use building comes with three established tenancies already in place. Invest in the building with a hands-off approach to the business, and enjoy a current weekly return of $1,400. Important Information:

• NBS Rating: 40%
• Cafe and flat leased for a further 12 months ($600pw cafe and $400pw flat)
• Shop lease flexible and negotiable ($400pw) At the front, a spacious shop has been tastefully renovated in keeping with the building’s original charm. Formerly a much-loved café, it features polished concrete floors, character ceilings, and large bifold doors that open wide to the street. This space includes its own bathroom and separate toilet, a commercial kitchen that services the back café, and a storage area that could easily be reinstated as the original bar. To the rear of the shop is a sunny, sheltered courtyard with access to the popular new café, connected by a shared gate between the driveway and courtyard. The café is warmed by a cosy fireplace and bathed in natural light streaming through its bifold doors. In the warmer months, these open to create a relaxed al fresco dining atmosphere. The café also includes its own toilet and serving kitchen, and is well-patronised by both locals and tourists alike. Above the shop, with its own private entrance, is a tidy two-bedroom apartment. Retaining its period features, it offers decorative fireplaces, original timber detailing, and high ceilings. The bathroom includes a traditional chain-pull toilet, paying homage to the building’s history. The kitchen boasts a walk-in pantry and laundry, while a small private deck provides a sunny spot to relax. A hallway heat pump, along with excellent sun, keeps the apartment warm year-round. This rare opportunity is offered with all three leases in place. The Property Pack with NBS Report can be downloaded from the listing on our Tall Poppy website.