Dunedin Central - Is it Freehold? Yes it is!

Description

Looking for a versatile space for your business? Or ready to secure an investment with a long-term lease in place? Whether you need a workshop, a secure place to store tools, or a base for your administrative operations, this property offers the flexibility to meet your needs. And you will not have to take everything home at the end of the day!
This classic building at 36-38 Maclaggan Street presents unique opportunities, with two separate buildings and two freehold titles. One of the buildings is currently leased to a reliable long-term tenant, providing an instant income stream from day one.
While the registered valuation is $460,000, do not let that limit your options, all offers are welcomed and will be considered.
The property offers multiple potential uses, including:

• Mechanical workshop or storage
• Restoration or refurbishment works
• Future redevelopment, with the possibility of adding upstairs accommodation
• Demolition for a larger-scale project

Whatever your vision, this property could be the solution you are looking for. If 2024 brings changes or growth to your business, we should talk. All offers to be submitted by 4:00pm, 4 December 2024.