This is a quality high profile commercial investment property, fully tenanted with established occupiers in retail/showroom and office space with ample car-parking.
Located on a prime 2,142sqm corner site approximately 1km from the CBD, the property has frontage and access onto both Gorge Road and Bowen Street. Gorge Road is a key north east arterial between Queenstown's CBD, Arthurs Point, Coronet Peak ski area and Arrowtown.
The property has a combined net lettable area of circa 1,180sqm split across two levels. Originally built in the late 1990s, the building has been well configured to provide a flexible mix of showroom, offices, and studio space of a quality standard.
Under the Operative District Plan the property has a Business Zoning, contained in one freehold title with future development potential under the Proposed District Plan (PDP).
Investment highlights:
• Fully tenanted - returning $365,816 + GST annually + OPEX (As at 1 June 2024)
• High profile retail/showroom close to CBD
• Scarce freehold property with prime corner profile
• Quality tenants - surrounded by a mixture of local operators
• Floor area 1,180sqm
• Land area 2,142sqm (more or less)
For Sale by Deadline Private Treaty closing 4pm Monday 13 May 2024 (if not sold prior).
Please contact Mark Simpson or Sharee Aitken to arrange an inspection, or to access the online data room for further information.