South Dunedin
229 King Edward Street South, South Dunedin, Dunedin
+10
A Smart Commercial Investment Opportunity!
An excellent entry-level commercial investment or a strategic addition to an existing portfolio. Positioned on a freehold site with long-term income security and minimal management requirements, this property offers compelling fundamentals for seasoned and first-time investors alike.
Key Features
•Freehold land area of approx. 250sqm
•Total floor area of approx. 230sqm
•Two tenancies: 153sqm & 77sqm
•Strong holding income with two established tenants
•Both tenants on renewed long-term leases, expiring 2031 & 2035
•Passive, hands-off asset in a tightly held location
Strictly viewing by appointment only. Investors are encouraged to act promptly, as comparable assets typically do not remain on the market for long.
Yafei Liu
Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Racee Ngiam
Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Location
Located in South Dunedin’s established retail and service precinct
Lease
Long-term lease security with two established tenants (lease expiries 2031 & 2035)
Opportunity
Passive commercial investment suited to first-time or portfolio investors
Floor area details
Total approx. 230sqm floor area across two tenancies (153sqm & 77sqm)
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