Positioned on a 727m² freehold site, this well-presented single-storey office building was originally designed and constructed in 1972, with a number of upgrades over the years resulting in a modernised and functional commercial space.
The building comprises a welcoming entrance foyer, boardroom, meeting room, staff kitchen, storeroom, central library, semi-partitioned open-plan workspace, a 17m² mezzanine, and a dedicated manager’s office with private toilet and access to a secluded courtyard. Strategically located on tree-lined Station Street, the property enjoys close proximity to supermarkets, government agencies, and established professional services—making it a highly attractive commercial address.
Currently leased to DGSE, the property returns $85,000 net + GST per annum, until 31 October 2026. Plans allow for the building to be split into two separate tenancies:
DGSE tenancy: 248.7m²
Vacant space (future potential): 89.6m²
The second tenancy offers strong upside potential, with an assessed net rental of $34,000 + GST once refurbished. Each tenancy will feature its own amenities, offering flexibility for future leasing or owner-occupation.
For sale by way of Deadline Private Treaty closing Thursday the 9th of April 2026 at 3pm (unless sold prior).
Features:
- 7 onsite carparks
- Floor Area 338.3m²
- Freehold title in Fringe Commercial Zone
- Holding income $85,000 net + GST
More information: https://www.colliers.co.nz/p-NZL67038989
