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Port Chalmers, 31 George Street

Investment George Street Port Chalmers

$470,000 Plus GST (if any)

Listing Number: DU94856
About this listing
- Motivated vendor after 10 years requires property sold
- Mixture of commercial and residential tenants
- Ground floor fully leased to The Portsider Tavern
- Commercial space has a high quality and appealing fitout
- First floor 3 bedroom flat and 2 bedroom flat
- 3 bedroom flat is modern and 2 bedroom could benefit from update
- Earthquake IEP 36% NBS - C Grade
- Net income $48,907
- Attractive investment for first time investors or those adding to their portfolio.

The building is in above average condition and any new owner will see the upside with commercial set rent risers and the potential to update the flats that would also see an increase in cash flow. The flats have over the years been considered an attractive location with mostly all day sun and close to all amenities of Port Chalmers. Enjoying a craft beer at The Portsider Tavern is considered a highlight.

Contact Jim Packer today to receive the Information Memorandum on the property.
Property Information
  • Approx Floor Area: 497 sqm
  • Land Size: 448 sqm
  • Tenure: Fee Simple
  • Property Type: Other (Investment - Hotel & Flats (x2)), Tenanted Investment

Contact Details

Harcourts Dunedin

Highland Real Estate Group Ltd

Licensed REAA 2008

16 Queens Gardens
Office website

Property Location

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