484 George Street

15 Year Lease - Modern Building - Prime Location

FOR SALE
$4,650,000 plus GST (if any)
484 George Street represents a fantastic opportunity to purchase a prominent and established food and beverage property leased to a well-known and recognised tenant in a central CBD location.

The property sits in a prime central location on George Street, close to the corner of Albany Street, in a neighbourhood housing a number of well-recognised businesses, including Joe's Garage, The Rob Roy Dairy, Buster Greens, Subway, Allpress, Unichem, Sals and Reburger, along with many motels, residential properties, and other commercial businesses. The property also sits near the University of Otago's Central Campus area, the Dental School, the current Dunedin hospital, the central city shopping precinct, and much more. The property presents a unique opportunity to acquire a prominent property in the tightly held Central Dunedin area.

Anchored by a long-term tenant (the Lonestar) with a current 15-year lease term (from 1-Apr-2023).

Underpinned by a freehold land holding of 1,012m2 (more or less).

For Sale at an asking price of $4,650,000 plus GST (if any).

Contact the nominated broker for more information.