Listing #:1376271072

Commercial Investment with Apartment!

Location: 186 Macandrew Rd, South Dunedin, Dunedin, Otago
Property use: Office
Floor area: 1,239m2
Land area: 1688m2
Price: Price by negotiatio­n
Property ID#: FJK385
Parking: Vehicle spaces: 14
Fully tenanted, this quality freehold commercial site has multiple office tenants: Precise Consulting & Laboratories Ltd and Presbyterian Support Otago on the ground floor, and Sky TV and DB Breweries Ltd on the first floor, with a large onsite carparking area servicing these tenancies.

A luxury three-bedroom apartment completes the first floor (the apartment is spacious, well designed with all day sun, has high quality fixtures and fittings, and will seriously impress!). There is also a tenanted industrial shed, as well as further storage and a large double garage for the apartment.

This freehold property has a lot of appeal. Immediate possession of the apartment could be negotiated. Once vacated, this could easily be used for AirBnB, or as a luxury 'pad' if you live out of town but visit frequently, or as a quality rented apartment, or you could live in it yourself and enjoy the returns from the tenancy income!

The apartment features:
- Dual access (separate external or shared internal stairs)
- Big living areas with a generous designer kitchen, dining area, and large lounge flowing into a conservatory / deck area
- Spacious master bedroom with full walk-in robe and ensuite
- Two large double bedrooms, 1 with a walk-in robe and the other with a full wardrobe
- Separate main bathroom with spa bath, shower, toilet and vanity unit
- Large separate laundry with storage, dryer and washing machine
- A full double garage in the adjoining large shed
- A large storage room next to the garage

This is a freehold site, zoned residential but with resource consent for mixed office/residential use, and it has an IEP report showing the main building at 73% NBS.

Located in South Dunedin, it's close to the motorway, to Andersons Bay Rd, and is only 5 minutes from the CBD.

For sale by negotiation.
Contact us today to find out more or to arrange viewing!

Agency reference #: 16835
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Price by negotiation
186 Macandrew Rd, South Dunedin, Dunedin, Otago
Price by negotiation
Listed: Fri 21 Jul, 8:45 am
Roy Senior
Industry-One Ltd, (Licensed: REAA 2008)
  • Contact details
  •  (03) 4259928
  •  (021) 2723611

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Agent's details

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Roy Senior
Industry-One Ltd, (Licensed: REAA 2008)
(03) 4701637
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Expires: Sat 24 Nov, 8:35 am
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