48 - 52 High Street, Dannevirke, Tararua

Buyers $179,000+
490m2
Floor Area

+18

+17

Steady earner in the CBD

Affordable commercial property with three separate income streams in a high traffic area of the centre of Dannevirke CBD area. This iconic Chamber of Commerce building has been constructed in 1910s has Strata title and total floor area of 490 m2 (more or less). Three rental units consist of: - Computer retail and repair shop (2 x 2 years lease); - Barber shop (4 x 1 year lease) - Boxing club on the first floor (soon to be vacant / has multiple possible uses). Based on asking price and current rent this building has an approximate return of 10% (could be increased when first floor space is released). This is a unique opportunity you wont want to miss, give us a call now!

48 - 52 High Street, Dannevirke, Tararua

Web ID

DC108911

Floor area

490m2

District rates

$9,275.58pa

RV

$213,000

Buyers $179,000+
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Contact


Kerry Sutherland

Kerry Sutherland

027 430 6210

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Property enquiry

Property enquiry for
DC108911
Natalie Hales

Natalie Hales

027 695 1322

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About the location


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Affordable commercial property with three separate income streams in a high traffic area of the centre of Dannevirke CBD area. This iconic Chamber of Commerce building has been constructed in 1910s has Strata title and total floor area of 490 m2 (more or less). Three rental units consist of: - Computer retail and repair shop (2 x 2 years lease); - Barber shop (4 x 1 year lease) - Boxing club on the first floor (soon to be vacant / has multiple possible uses). Based on asking price and current rent this building has an approximate return of 10% (could be increased when first floor space is released). This is a unique opportunity you wont want to miss, give us a call now!

Buyers $179,000+

18 Gordon Street unit built in 1960s. Can be purchased together with 20 Gordon St. This very well- maintained unit consists of spacious open plan office/shop , kitchen/storage room and bathroom facilities at the rear with exit. Heat pump for sufficient heating Currently leased for 3+3 years and earning $7,200 nett (tenant pays rates and insurance). Estimated NBS is around 68%. This investment is a rare opportunity to start your portfolio at a very attractive price with potential return of 8%. You need to be quick. Call us now!

By Negotiation

20 Gordon Street unit (1960s era with recent improvements) can be purchased with Unit18 Gordon St. This very well-maintained unit consists of good size reception area, three separate offices, meeting room (could be used as a fourth office, or storage, or sublet), kitchen and bathroom facilities down the hallway and rear access. Heat pumps provide efficient heating. Call us now.

By Negotiation

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