41 Filleul Street, Central City, Dunedin

Golden Block opportunity

This building is on the busy intersection of Filleul and St Andrew Streets. Full prominence on western city bypass and York Place.
Built as a clothing factory in the 1940s then converted to office and retail use. There are two existing tenants with the balance of the building vacant. On the ground floor a hairdressing salon occupies space on the St Andrew Street frontage and a beauty salon on the Filleul Street frontage.
The upstairs area has been fully partitioned for office use and previously housed a large government department.
The downstairs corner is configured as offices and was previously occupied by a company in the insurance industry. There is internal car parking which could accommodate up to six cars on a shared basis.
A seismic investigation by way IEP shows the building to be 55% of NBS.
This offering is an opportunity to secure a strategic building in Dunedin's CBD. It could be ideal for an owner-operator looking to provide for their own destiny whilst earning income off balance of the building.
The location close to the residential rental generators of the university and hospital lends itself to the conversion of the first floor of the building to apartments.
The ground floor could be suitable for retail, hospitality or service industry uses.
Developers are especially encouraged to inquire about this building such is its potential.

Call Robin today to discuss this property and arrange a viewing.

Agent details:

Robin Hyndman

027 488 8450