An entry level commercial property within the four avenues is difficult to find in the city and this one has the benefit of a superb location to boot. Fully leased to two tenants with terms of three and five years for ground and first floor respectively, this is a cashflow generator with potential to grow. Both 110sqm floors have benefitted from a full refurbishment with carpets, paint inside and out, some layout changes, heat pumps, kitchenettes and more. At 70% NBS the bones are good and the convenience of an unmatched four on site parks is a feature that was a very welcome feature for the tenants.
The newly completed Mayfair Hotel is adding to the vibrancy of Victoria Street with its renewed streetscape and Hagley Park is just a short stroll away on Dorset St. Vic’s Café is the long established and very popular occupier of the adjacent front site and is sure to be a favourite for staff. If all of this isn’t enough, there is a twist that is sure to raise your interest. Call now to view. Our motivated vendor is keen to see offers so don’t delay.
Call the sole agent for an opportunity to see for yourself.
For more information, copy and past the following link into your browser: https://www.propertyfiles.co.nz/5518701
