South Dunedin
220 King Edward Street, South Dunedin, Dunedin
Asking Price NZ$575,000 + GST
(if any)
Stylish investment property
This very attractive brick and tile corner property was designed by acclaimed architect, Basil Hooper for Thomas Smith in 1910 for his butchery shop Smith & Co.
The ground floor lends itself to an airy showroom and offices. Large plate glass windows provide excellent exposure. Upstairs is a three-bedroom apartment leased for $450 per week.
The property is being sold with the ground floor vacant allowing a wonderful opportunity for an owner/operator to live and trade onsite. Alternatively, the ground floor can be leased so that the building has two income streams for the canny investor.
This unique property will appeal to a range of purchasers including owner/operators, add value investors and developers.
Key features:
• Corner location on South Dunedin's main street
• Ground floor retail, first floor residential apartment
• Handsome building designed by acclaimed architect Basil Hooper
• NBS 45%
Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all your property questions answered.
Muir Gold
Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Rachel Jones
Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Robin Hyndman
Otago Realty Group Ltd, Bayleys,
Licensed under the REA Act 2008
Features
Amenities
Surrounded by a range of food and drink options, The Warehouse, PAK'nSAVE and the South Dunedin retail precinct are all within a short walk.
Character building
Designed by acclaimed architect, Basil Hooper for Thomas Smith in 1910 as the Smith & Co butchery building.
Multi-use
The building has two separate tenancies: a three-bedroom apartment upstairs and a vacant showroom with offices downstairs.
Opportunity
This property will make for an ideal passive investment with income stream from two tenancies, or equally, as an owner/operator opportunity of living above and trading below.
Have your questions answered
Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.
Request more information
Contact us and have your questions answered.
Property files
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