2 Barraud Street, Dannevirke, Tararua
By Negotiation
1,092m2
1,390m2
+2
Investment opportunity. Prime CBD corner site
Motivated vendor. Genuine sale required. The Saigon Hotel is a well-known landmark property positioned in the heart of Dannevirke’s CBD. Occupying a prominent corner site on the main street (SH2), the property benefits from excellent exposure and strong pedestrian flow, with a key thoroughfare linking directly to nearby businesses including New World. This substantial commercial property generates a reliable income stream from established tenants, while still offering significant potential for future development or refurbishment. Currently operating within the building are a busy Thai restaurant and bar, a sports bar and gaming lounge, along with a large accommodation complex located on the upper level. Property Highlights • Land Area: 1,092m2 (approx) • Floor Area: 1,390m2 (approx) • Zoning: Commercial Management • Current Income: $65,000 gross + GST per annum The property enjoys strong visibility with high vehicle counts, steady foot traffic, and convenient nearby parking. Value-Add Opportunities • Refurbish and modernise the existing building • Develop currently under-utilised areas for additional income • Secure a strategic long-term CBD landholding Opportunities to acquire a property of this scale and profile in Dannevirke commercial centre are rare.
2 Barraud Street, Dannevirke, Tararua
Web ID
DC224567
Floor area
1,390m2
Land area
1,092m2
District rates
$7,572.61pa
Regional rates
$343.07pa
LV
$260,000
RV
$405,000
By Negotiation
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