Otago Properties For Sale

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216 King Edward Street

Otago
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216 King Edward Street Otago
proudly marketed by
Edinburgh Realty LTD MREINZ
An excellent opportunity for an astute investor to secure this high profile, prime corner site comprising a stand-alone single level building occupied by Westpac Bank combined with exclusive on-site parking for 13 cars. Positioned on two freehold titles, this site offers an enviable location given its profile to King Edward Street and access to parking from McBride/Rankeilor Streets. Premises have a NBS of 70% and are well maintained. This area is popular with service-based businesses enjoying high foot traffic, on street parking and a nearby new development attracting high quality tenant interest. Current lease in place returning $112,500 PA plus opex plus GST. This is a well-located corner site, rarely available, offering future options with commercial/mixed use zoning under the 2GP. Enquire now for a full information memorandum. Viewing by appointment only.
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Upload by Ewen Livingstone
Otago and Southland
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