5-11 The Crescent, Invercargill, Invercargill City

Blue chip quality inner city investment

- Fantastic multi-story office/retail complex
- Stable cashflow from a solid tenancy mix
- Repair & maintenance, and NBS work has been attended to
- Development Potential in prime CBD location
- Total land: 1598 sqm (more or less), building floor area: 1770 sqm (more or less)

The current owners have enjoyed the fruits of this investment for decades, making sure they have maintained the property to a high standard throughout their "stewardship". It is a special building that has been an important part of the city landscape for some time. Now it is time to hand the reins over to its next owner. As a CBD location, this property has it all with generous internal office fit out, while also providing specialised restaurant fit out where the tenant has remained long standing. In addition to the building, there is some basement parking offered, as well as providing external parking on the property site, secured with perimeter fencing. The immediate surrounding streets also provide easy parking. The Crescent has additional redevelopment potential, where minor internal alterations within the previously completed fire rating work will allow a new owner to increase the lettable area. This is a very rare listing in Invercargill, with the new Kmart building immediately to the South, a new 7 story 4.5-star hotel under development immediately to the North, and the new Invercargill Central Mall 100m away. The property will not remain on the market long, call me now for more information and to arrange a viewing.