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Dunedin Central, 22 & 22A MacLaggan Street

Significant Dunedin Commercial Investment

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Listing Number: DU93258
About this listing

SOLD - This listing was sold in July 2015.

A rare opportunity to purchase a fully tenanted commercial office complex with excellent onsite parking in Central Dunedin. Our owner due to business reasons now residing in Auckland requires the property sold.

- Two level office complex of 925m2
- Freehold section of 1246m2 in two titles
- Zoned: Central Activity Zone
- 23 excellent on site carparks
- Annual rent $192,000 p.a. plus GST
- Net return of 8.8% on investment
- Substantial single tenant
- Current lease commenced 1.7.11 with 6yr term. Further rights 3yr x 3yr x 3yr
- Neighbouring businesses: Harvey Norman, Warehouse and ACC
- Earthquake rating A+ - IEP 100% NBS
Property Information
  • Approx Floor Area: 925 sqm
  • Parking: Uncovered: 23
  • Property Type: Office
  • Property Features: Building Name: Oceana Gold House
  • Approx Floor Area
    • Office Square Metres: 925
  • Tenancy 1: Area Sqm: 1246, Commencement Date: 01 July 2011, Expiry Date: 30 June 2026, Review Dates: 1 July 2014/2017/2020/2023, Rights of Renewal: 1 July 2014/2017/2020/2023, Tenant Name: Oceana Gold (NZ) Ltd, Term (years): 6yr x 3yr x 3yr x 3yr

Contact Details

Harcourts Dunedin

Highland Real Estate Group Ltd

Licensed REAA 2008

16 Queens Gardens
Office website

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