A Commercial Opportunity with Sumptuous Apartment

Are you searching for a business opportunity that currently returns over 8% from a combination of residential and commercial or a sumptuous apartment with room for your business venture? The former Post Office building at 282 North Road is now for sale representing a fabulous opportunity. Upstairs is a self-contained two bedroom apartment (originally the Post Mistresses' accommodation from 1914) which is successfully rented out on Booking.com. Downstairs is currently run as a café, but could be home to any business from hair salon, art gallery to a professional's offices. You could continue to rent out upstairs or have a two bedroom apartment for either you or your staff to live in. Being one block from the original "World's Steepest Street" the area attracts a steady stream of tourists. If you've ever dreamed of running your own business, this could be just the start you need. This type of investment doesn't come along often and being so close to the University, hospital and bustling centre of Dunedin City, it's a location that's hard to beat. Call us now for a private viewing and to discuss the best way to purchase this unique building.

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Main Property Features

Listing Number: DU95259

Approx Floor Area:
180 sqm
Land Size:
506 sqm
Property Type:
Apartment, Home & income
Roof:
Iron
Tenure:
Freehold
Approx year built:
1912
Property condition:
Excellent
House style:
Executive, Character
Garaging / carparking:
Off street
Construction:
Plaster, Corrugated Iron and Brick
Joinery:
Timber
Flooring:
Polished and Timber
Window coverings:
Blinds
Heating / Cooling:
Heat pump, Electric
Electrical:
Phone extensions
Chattels remaining:
Blinds, Fixed floor coverings, Light fittings, Stove, Curtains
Kitchen:
Modern, Open plan, Dishwasher, Separate oven, Rangehood, Extractor fan, Microwave, Gas bottled, Pantry and Finished in Laminate
Living area:
Open plan
Main bedroom:
Double
Bedroom 2:
Double
Additional rooms:
Other (Separate Laundry/Storage)
Main bathroom:
Shower over bath, Exhaust fan, Heater
Laundry:
Separate
Views:
City
Aspect:
North
Outdoor living:
Entertainment area (Uncovered, Concrete and Other surface)
Fencing:
Partial
Land contour:
Flat
Grounds:
Backyard access, Tidy
Water heating:
Gas
Water supply:
Town supply
Sewerage:
Mains
Locality:
Close to schools, Close to shops, Close to transport
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Harcourts Dunedin

Highland Real Estate Group Ltd

Licensed REAA 2008

16 Queens Gardens
Dunedin
Office website or View office details

Property Location