Owner occupiers and add value investors will appreciate the location opposite the new Waikato Theatre in this tightly held strip of the CBD, with probably with the lowest vacancy rate of any block on Victoria Street.

Circa $80,000 of net annual rental comes from two long established ground floor tenancies, (both non-hospitality) while the first-floor office is available with vacant possession. Previous plans have included conversion to apartments, or one large apartment, or simply lease it out as office space ‘as is’.

Freehold title, location, holding income and upside are the key points here. Explore the possibilities.

Contact Justin Wang or David Palmer, vendor's sole agents, for further information.

Features:

• Circa $80,000pa of holding income
• Long established ground floor tenants
• Vacant first floor for further income or refurbishment
• Opposite the new Waikato Theatre

More information: https://www.colliers.co.nz/p-NZL67038442