Great Commercial Investment

Property ID 1714854

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.

Please be aware the floor and land area information was sourced from REINZ/Property Smarts and we have not been able to verify the accuracy of the same.

166 Thames Street, Oamaru, Waitaki District 9400
166 Thames StreetOamaru OTG-STHLND 9400 NZ
-45.095790 170.971578