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my-bayleys

my-bayleys

#4601641

St Kilda

20 Prince Albert Road, St Kilda, Dunedin

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230sqm

508sqm

Asking Price NZ$475,000 + GST

(if any)

Great commercial opportunity

20 Prince Albert Road offers excellent opportunity to enter the commercial investment market. Main Road profile with high traffic count. Development potential to re-establish the building as a income earning vehicle. Owner/operators will see value in securing building from which to operate their business from.
Nice sized land (508 sqm). Reasonably modern buildings. Off street parking with potential to increase. Genuine vendor looking to sell after 50 years ownership.
Vendor company is not registered for GST and any sale price will be inclusive of GST.
$475,000 incl GST

Robin Hyndman

Robin Hyndman

+64 27 488 8450

robin.hyndman@bayleys.co.nz

Otago Realty Group Ltd, Bayleys,

Licensed under the REA Act 2008

Muir Gold

Muir Gold

+64 27 433 6989

muir.gold@bayleys.co.nz

Otago Realty Group Ltd, Bayleys,

Licensed under the REA Act 2008

Features

Developers look

Flexible spaces within building structures. Three shop fronts. Rear yard potential

Large residential

Adjacent South Dunedin and Saint Kilda are big residential catchments

Main street

Surrounded by good retail tenants including Dominos, Vege Boys and other small businesses

Mostly modern

Takeaway shop 1920s and below 33% NBS. Balance of buildings constructed in 1970s and 1980s.

Vendor unregistered

Vendor is not registered for GST. Any sale price will include GST