Prominently situated on the corner of Barbadoes and Kilmore Street, this mixed-use building with associated development land is being offered for sale ‘As Is, Where Is’. There are a number of opportunities and angles to this old beauty with heritage value in its bones. This is your opportunity to purchase an asset that has become available for the first time since 1987.

The ground floor provides retail, office and storage with 5 boarding rooms on the first floor. Currently uninsured, the building is in need of strengthening and refurbishment work, Resource Consent for which has been granted with details available from the agent.

The property provides the astute buyer a strong holding income, on a strategic corner with ample development land accompanying on a single title for future use.

Be quick to register your interest with the sole agents.

Key features:
• Holding income of $44,712 pa (gross)
• Short term leases
• Circa 500sq m of development land
• Heritage value
• Strengthening works consented
• Zoned Commercial Local
• 37% NBS

For Sale by Deadline Private Treaty closing at 4pm on Thursday 18th October 2018 (unless sold prior).