91 Stuart Street represents a fantastic opportunity to purchase a prominent heritage property on lower Stuart Street, in close proximity to The Octagon. The Octagon is considered to be the centre of the Dunedin CBD and popular with eateries, bars, nightlife, boutique retailers and commercial office tenants (including the Dunedin City Council).
The property sits in a central location on the corner of Stuart Street and Moray Place, in a neighbourhood housing a number of well recognised businesses, and also sits nearby to the new Dunedin hospital site, The Exchange, the Central Bus Hub, Toitu Museum and Dunedin's central shopping precinct.
The property is anchored by long term tenant Gallery De Novo, who occupy the ground floor corner tenancy. Other tenants are Potpourri Cafe, and Klein and Blue (homeware retailer). There are two current vacancies, being a ground floor retail tenancy, and the first floor office space - key opportunities to add immediate value.
Key Property Information:
• Site area 506m2 (more or less)
• 2GP Zoned Central Business District
• Freehold tenure
• 5 tenancies
• NBS assessed at 30%
For Sale at an Asking Price of $1,600,000 plus GST (if any).