NAI Harcourts Dunedin is proud to exclusively offer 22 Beach Street, Port Chalmers for sale.
Our Vendor, who is a very experienced heritage building developer, has been confronted by personal health challenges and as well his builder has had a medical event that has led to his untimely retirement.
The development plan was to create four generous apartments (64m2 to 122m2) with two smaller units (20.5m2 & 45m2) on the Ground Floor and First Floor. The Second Floor is to be self-contained Boarding Unit comprising large living/kitchen area, five single rooms, two larger rooms with ensuites and two bathrooms. The interior has been stripped and work has begun on the first and second floors.
The sale includes a large quantity of Gib Board, plywood and several other interior fittings, The Fire Engineers Report/Plan, Architects Plans for the refurbishment and Earthquake Engineers strengthen, which will be on going to the end of the project. All will be included in the sale.
Fully occupied, the Rental Appraisal saw Gross Rent at a low of $230,360 p.a. and a high of $256,360 p,a.
NAI Harcourts Dunedin welcomes the opportunity to assist you. Please do not hesitate to contact us for further information and to arrange an inspection of this exciting opportunity.