Buyer enquiry welcome from $810,000 plus GST if any.
Located in a gentrifying area, this art deco commercial/residential investment property offers a large 8 bedroom investment apartment and an empty commercial space ripe for redevelopment. Recently appraised by Silvester Clark for earthquake strengthening and assessed between 25-30% of the NBS, this is a rare opportunity for astute investors and developers to create something special. With the option to refit the current empty shell and the potential to unit title the property, the opportunities are endless with this unique building just off Cuba Street. Features:

u2022 Commercial/ residential mix
u2022 Strategic CBD location
u2022 2 units
u2022 8 bedroom residential apartments
u2022 Potential to create another apartment
u2022 270m2 floor area- split 170m2 and 100m2
u2022 Potential to unit title apartments
u2022 Superb access to the CBD and motorway
u2022 Currently returning circa $90,000 pa
u2022 Outgoings circa $38,415pa (including special strengthening levy)

u2022 The vendor will leave $100,000 in a solicitor's trust account for strengthening costs
u2022 Engineering report available

With huge potential this is a must view for any serious property investor. Don't miss the bus on this one.