285 South Road, Caversham, Dunedin

AFFORDABLE TIDY COMMERCIAL INVESTMENT

The Caversham Medical Centre at 285 South Road Dunedin is part of a suburban shopping complex built in the late 1970s. Other members of the Body Corporate include a chemist and a tavern.

The building enjoys low maintenance and is of concrete block and plaster construction with a decramastic roof. The unit title consists of the building and two dedicated car parks. Further car parking for the medical centre is reserved with the common area car park,

The existing tenants have occupied the premises since first constructed. The current lease commenced in 2007 and is for a six year period. Thereafter the tenants have perpetual rights of renewal, at their option, for periods of 3 years each.

This is an ideal entry point into commercial property investing or indeed would complement any property portfolio.