Superb split-risk investment property strategically located in the heart of Gore's bustling town centre. This split risk freehold investment property will appeal to owner-occupiers and add value investors. Configured with 3 separate retail tenancies. 18 Irk Street offers a prime investment opportunity with a return of 11.5%.
Investment Features:
• Freehold 743sqm site with 728sqm building area
• 3 retail tenancies
• Current net income: $77,500 + GST + OPEX
• Strong rental growth potential
• Prominent Irk Street frontage with high visibility
• Close to supermarkets, banks, cafes & national retailers
• Freehold title with commercial zoning
This is a rare opportunity to secure a split-risk investment in a strategic Southland hub. The vendor's instructions are clear - this property will be sold.
$675,000 plus GST (if any)
Please note: Land and Floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e Regional/City councils, Propertysmarts/REINZ/Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.