Listing #:1468985352

ADD VALUE OPPORTUNITY - CENTRAL CBD

Location: 1 Great King Street, City Centre, Dunedin, Otago
Property use: Office
Floor area: 620m2
Land area: 354m2
Price: Price by negotiatio­n
CBD location, exposure, with vacant ground floor - owner occupier opportunity.

The property sits in a profile corner position within Dunedin's CBD, situated beside Countdown Central and within close proximity to George Street and the Octagon. The property has good passing foot traffic and on-street parking in the area. The property is also located in close proximity to many public car parks.

The building is a two storey building, fronting both Moray Place and Great King Street with a freehold site area of 354m2 (more or less).

1 Great King Street has a frontage to Moray Place of approximately 9 metres and a frontage to Great King Street of approximately 15 metres.

The ground floor is currently vacant (previosuly occupied by a bar) creating opportunities for owner occupiers or investors to redevelop in a central CBD location of Dunedin.

The first floor is split up into nine individual offices and provides good holding income with a current total rental of approximately $34,408pa plus GST (with 2 vacant offices).

Surrounded by known tenants/businesses, including Countdown, NZ Post, Farmers and many more. The property is also located within close proximity of the proposed new Bus Hub on Great King Street.

For Sale by negotiation.

Contact our nominated broker below for further information or to arrange a suitable time to view.

For further information and to access due diligence material, please visit colliers.co.nz/148478 (and then visit the Secure Documents Tab).

Agency reference #: 148478
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Price by negotiation
1 Great King Street, City Centre, Dunedin, Otago
Price by negotiation
Listed: Thu 16 Nov, 2:25 pm
Dean Collins
Otago Realty (NZ) Ltd Dunedin, Licensed Agent (REAA 2008)
  • Contact details
  •  (03) 4716738
  •  (027) 4990974

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Agent's details

Dean Collins
  •  (03) 4716738
  •  (027) 4990974
Otago Realty (NZ) Ltd Dunedin, Licensed Agent (REAA 2008)
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Expires: Tue 13 Nov, 4:00 pm
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