Great Commercial Investment
Great investment opportunity with even further potential to improve on the rental returns.
Aprox 805 m2 two story Oamaru stone building divided into a Large ground floor shop, currently housing a second-hand shop, returning $20,800 plus GST pa, two first floor, modernised 2 bedroom flats with long term tenants returning $22,880 pa. Also includes a 268m2 section currently leased to a neighboring business, returning $5200 Plus GST pa. Roof replaced 2016, earthquake engineering report completed, 2017 electrical inspection completed.
Current RV of $415000. Business 1 zoning. Price is plus GST (if any).
Land and buildings only for sale.
Perfect for those looking to step up onto the commercial investment ladder. Contact Maree to discuss and view.