Tall Poppy Dunedin
Real Estate Agents
Tall Poppy Dunedin
26 George Street
Port Chalmers 9023
Port Chalmers 9023
Tall Poppy HQ (Bulsara Ltd)
74 Amohia Street
Paraparaumu 5032
Paraparaumu 5032
- Listing #:
- TPDN2672
- Listed:
- 260 days ago
For Sale $795,000
Invest: Main St 5+ Tenancies: Not Yet Under Offer
11 George Street, Port Chalmers, Dunedin CityIndustrial / Warehouse
-
- 500m2 Floor Area
-
- 509m2 Land Area
About this property
Located in the heart of Port Chalmers’ bustling main street, this 1970s-built mixed-use building offers an exceptional investment opportunity with both commercial and residential zoning. Currently home to 8 established tenancies, this property is ideal for investors seeking a versatile income stream or an office base that returns a profit.The 8 commercial tenancies in place provide a steady rental income of approximately $110,000 (excl. GST) per annum, with different lease terms including some month-to-month. Positioned on the sought-after sunny side of the street, with exceptional heating throughout, ensuring a warm and inviting atmosphere year-round.
Two well-equipped kitchenettes and shower facilities are available for added tenant use, and there is excellent storage throughout the building. Off-street parking is available for convenience, with parking on the main street readily available too.
Current outgoings (rates, power and insurance) total approximately $16,000 per annum, meaning the returns are outstanding based on full occupancy!
Whether you're looking to expand your real estate portfolio or invest in a building with diverse tenancy opportunities, this property in Port Chalmers offers excellent value and potential.
Property Pack available for direct download from the listing on our Tall Poppy website. Please get in touch for viewing appointments.
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