3,5,11 Chapel Street Greymouth Grey West Coast

Rarely does an opportunity come along to purchase a freehold, commercially zoned property in Greymouth's CBD. This is a major opportunity to develop this site into prime retail, commercial or office space or to invest in the existing residential/retail operation. Freehold commercial property is extremely sought after in central Greymouth and neighbours include national retail food brands and a nationally renowned polytechnic. The existing multi residence operation includes three separate buildings, on 766sqm of freehold land and is currently utilized as: 6 x 1 Bedroom Units self contained and fully furnished 1 x 1 Bedroom Unit self contained 1 x 2 Bedroom Unit self contained 1 x Retail Unit 2 x Large Storage Units Large garage with workshop and mechanics pit An extensive chattel list Current Rental return $53,560.00 per annum As the owners are currently utilising 2 of the apartments, there is a potential return of $69,160.00 per annum Viewing is by appointment only and requires 24 hours notice.