42 Filleul Street, Dunedin Central 9016
Located close to the CBD this 2 level building has a rock solid tenant upstairs with a vacant area of some 130m2. This area lends itself to be redeveloped to increase income. The upstairs lease is for a 5 year term with 1 right of renewal. Ground floor fully leased on a 5 year term also, with 1 right of renewal for 5 years. Gross income of $66,600 plus GST. (Net approx $54,000)Building is rated B for Earthquake assessment, and is not considered to be earthquake prone. Building has recently been re roofed. This is a well presented well leased investment opportunity.
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