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Deadline Sale Excl GST




Property Location: 254 George Street City Centre Dunedin - Dunedin City - OTAGO

Listing Id: 67012231  

Land

Size: 356 Square Mtr Approx  

Description: The subject property represents a fantastic opportunity to purchase a prominent property right in the centre of the popular 'Golden Block' on George Street, the main retail strip of Dunedin City. The property has recently been significantly upgraded and leased to international tenant Mountain Warehouse Limited on a long term lease.

The property sits in a high profile location within the 'Golden Block' on George Street, Dunedin's main street, surrounded by a number of well recognised businesses including Glassons, Hallensteins, Noel Leeming, McDonalds and many more, and also sits in close proximity to the Meridian, Golden Centre and Wall Street Malls.

The property has recently been leased to Mountain Warehouse Limited for an initial term of 8 years, plus two further rights of renewal of 4 years, with an annual rental of $200,000pa plus GST and outgoings, with a mixture of fixed rental growth and market reviews on renewal dates.

The property was recently significantly upgraded. Some of the upgrades including earthquake strengthening and heightening of the canopy.

For sale by Deadline Private Treaty closing Thursday 8th October 2020 at 4pm (unless sold prior).

Contact the nominated broker today for more information.


Trophy Investment Top Location
Deadline Sale Excl GST


Contact Colliers Queenstown Today!!!

Contact Dean Collins
Phone 027 499 0974

Property ID:67012231

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