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Gisborne

63 Peel Street and 100 Gladstone Road, Gisborne, Gisborne

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1,408sqm Land area SQM
3,180sqm Floor area

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

Colin McNab

Commercial Sales and Leasing

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.

Have your questions answered

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Property files

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