7 Lorne Street represents an opportunity to purchase a tidy industrial unit leased to a well known and recognised tenant in the established industrial area of South Dunedin.
The property is located in an excellent position being situated on the corner of Lorne Street and Waverley Street. The property poses a unique opportunity to purchase a prominent property in the tightly held South Dunedin industrial area.
The property is leased to Hall Machinery Limited with an annual rental of $48,000pa plus GST and outgoings, on a lease with a 3 year term (from 1-Apr-2019) followed by one further right of renewal of 3 years (final expiry date of 31-Mar-2025).
The property consists of one freehold title with a land area of 258m2 (more or less).
For sale by Deadline Private Treaty closing Wednesday 10th March 2021 at 4pm (unless sold prior).
Contact the nominated broker for more information.