Gisborne
63 Peel Street and 100 Gladstone Road, Gisborne, Gisborne
For Sale by Negotiation
FOR SALE BY NEGOTIATION - CHANNELS HOTEL PROPERTY
This high profile and iconic mid-city Gisborne landmark property is for sale after many years' ownership which comes with existing ground floor tenants/income and includes two titles with substantial undeveloped areas.
While the buildings require earthquake strengthening this is a rare opportunity to take advantage of the large areas on the first and second floors of the Channels Hotel title plus further large vacant spaces in the Peel Street title, all adding up to considerable income potential.
Recent engineer's reports and commercial lease details are available on confidential application by qualified potential purchasers.
The sale of this considerable property is by confidential negotiation expressions of interest with interest suggested at above $1.5m (plus GST if any).
Colin McNab
Bousfield Macpherson Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Location
A sizeable and prominent main street Gisborne property in the very heart of the city's CBD.
Opportunity
Considerable income potential from developing upper floor areas in both buildings for accommodation.
Occupancy
Existing income from ground floor tenants plus two vacant tenancies yet to lease. Two gaming/bar ground floor tenants included.
Lease
Engineer reports and lease details available on confidential application.
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