SOLD - This listing was sold in February 2017
- Fully tenanted investment with Government Department as anchor tenant
- Great central location, high profile and situated amongst other similar service buildings
- 57 Tarbert Street: Land area 772m2 and Floor area 320m2
- Government Department lease total building. Tenants in this location since 1998
- Includes seven car parks at rear and two garages used for storage
- 59 Tarbert Street: Land area 331m2 and Floor area 310m2
- Three office tenants, one retail and attached rear flat with own parking
- Two of the tenants have been long term with over 22 years occupancy
There is space for further development at the rear of the properties along with options to enhance existing office space and parking options. Both buildings are well maintained and have A Grade earthquake levels
Alexandra like most of Central Otago and the Lakes District is seeing continued interest in commercial investment property which by all indicators is expected to continue.
The opportunity is now available for investors to purchase with positive outlooks and repeat the benefits of solid secure income flows compared to other investment portfolios. Full Information Memorandum is available on request.