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Listed about 1 month ago

ID#503554

484 George Street,

Dunedin City

Dunedin
PBN

FOR SALE
DEADLINE SALE
484 George Street represents an opportunity to purchase an excellent food and beverage establishment leased to a well known and iconic tenant in the Central Dunedin CBD.

The property sits in an excellent position being situated on George Street and in close proximity to the corner of George and Albany Street's. The property is surrounded by well known and established tenants including Buster Greens, Subway, Joe's Garage, Albany Street pharmacy, Allpress, and in close proximity to the Hospital, the University of Otago and the Dental School. The property poses a unique opportunity to purchase a prominent property in the tightly held Central Dunedin area.

The property is leased to PSVC Limited t/a Lonestar with an annual rental of $290,000pa plus GST and outgoings, on a lease with a 10 year term (from 1-Mar-2013) followed by two further rights of renewal of 5 years (final expiry date of 28-Feb-2033).

The property is a modern building constructed in 2012 and located in an area popular with students close to the University and Campus.

The property is underpinned by a freehold land holding of 1,012m2 (more or less), with a modern building/improvements built on site.

For Sale by Deadline Private Treaty closing Thursday 8th April 2021 at 4pm (unless sold prior).

Contact the nominated broker for more information.

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Agent

Dean Collins

Colliers

Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ

ID#503554

484 George Street,

Dunedin City

Dunedin
PBN
proudly marketed by
Dean Collins
Colliers
Dean
0274 990 974
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