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North East Valley, 282 North Road

A Commercial Opportunity with Sumptuous Apartment

$649,000

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Listing Number: DU95259
About this listing
Are you searching for a business opportunity that currently returns over 8% from a combination of residential and commercial or a sumptuous apartment with room for your business venture? The former Post Office building at 282 North Road is now for sale representing a fabulous opportunity. Upstairs is a self-contained two bedroom apartment (originally the Post Mistresses' accommodation from 1914) which is successfully rented out on Booking.com. Downstairs is currently run as a café, but could be home to any business from hair salon, art gallery to a professional's offices. You could continue to rent out upstairs or have a two bedroom apartment for either you or your staff to live in. Being one block from the original "World's Steepest Street" the area attracts a steady stream of tourists. If you've ever dreamed of running your own business, this could be just the start you need. This type of investment doesn't come along often and being so close to the University, hospital and bustling centre of Dunedin City, it's a location that's hard to beat. Call us now for a private viewing and to discuss the best way to purchase this unique building.
Property Information
  • Approx Floor Area: 180 sqm
  • Land Size: 506 sqm
  • Property Type: Apartment, Home & income
  • Roof: Iron
  • Tenure: Freehold
  • Approx year built: 1912
  • Property condition: Excellent
  • House style: Executive, Character
  • Garaging / carparking: Off street
  • Construction: Plaster, Corrugated Iron and Brick
  • Joinery: Timber
  • Flooring: Polished and Timber
  • Window coverings: Blinds
  • Heating / Cooling: Heat pump, Electric
  • Electrical: Phone extensions
  • Chattels remaining: Blinds, Fixed floor coverings, Light fittings, Stove, Curtains
  • Kitchen: Modern, Open plan, Dishwasher, Separate oven, Rangehood, Extractor fan, Microwave, Gas bottled, Pantry and Finished in Laminate
  • Living area: Open plan
  • Main bedroom: Double
  • Bedroom 2: Double
  • Additional rooms: Other (Separate Laundry/Storage)
  • Main bathroom: Shower over bath, Exhaust fan, Heater
  • Laundry: Separate
  • Views: City
  • Aspect: North
  • Outdoor living: Entertainment area (Uncovered, Concrete and Other surface)
  • Fencing: Partial
  • Land contour: Flat
  • Grounds: Backyard access, Tidy
  • Water heating: Gas
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to schools, Close to shops, Close to transport

Contact Details

Harcourts Dunedin

Highland Real Estate Group Ltd

Licensed REAA 2008

16 Queens Gardens
Dunedin
Office website

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