11 George Street, Port Chalmers, Dunedin City, Otago

Located in the heart of Port Chalmers’ bustling main street, this 1970s-built mixed-use building offers an exceptional investment opportunity with both commercial and residential zoning. Currently home to established tenancies with potential for more, this property is ideal for investors seeking a versatile income stream or an office base that returns a profit.

The 6 commercial tenancies in place provide a steady rental income of approximately $71,000 per annum (different lease terms, including some month-to-month); there is room for expansion with space for up to 2 additional tenancies to increase your return on investment. Positioned on the sought-after sunny side of the street, with exceptional heating throughout, ensuring a warm and inviting atmosphere year-round.

Two well-equipped kitchenettes and shower facilities are available for added tenant use, and there is excellent storage throughout the building. Off-street parking is available for convenience, with parking on the main street readily available too.

Current outgoings (rates, power and insurance) total approximately $16,000 per annum, meaning the returns are outstanding based on full occupancy!

Whether you're looking to expand your real estate portfolio or invest in a building with diverse tenancy opportunities, this property in Port Chalmers offers excellent value and potential.

For more information or to arrange a viewing, contact us today!