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70-74 Main Street, Gore

HIGH RETURNING COMMERCIAL BUILDING

Sitting on 298sqm site this two-storey building being 574sqm floor area built in the 1920s is showing excellent returns on investment. Along with the potential to grow your return levels, this building has two ground floor tenants in place in a high foot traffic area of Gore's main street.

With current total rental income of $40,200 per annum coming from two tenants, one being a busy hair salon & the other a well-presented clothing store, this building has an excellent return level. Current tenants are paying their proportion of rates and outgoings. This property has a vacant second storey which was used by previous tenants as office space and is ready for redevelopment and a new tenant. The current owners have had the building assessed to ascertain the earthquake strength of the building. The building has been assessed at 24% NBS. The Land & building only are being marketed for sale, tenants are continuing to trade. Offers Over $300,000 (plus GST if any)

Offers Over $300,000 (plus GST if any)

ID# 41917130160

Land Area 298 sqm


Property Type Retail to Buy
Building Area 574 sqm (approx)

Graham Maxwell

Graham Maxwell
03 208 9801
0272280522

Fraser Luscombe

Fraser Luscombe
03 208 9801
0274247859

This information has been supplied by the vendor or the vendor’s agents. We are merely passing over the information as supplied by the vendor or vendor’s agents. We cannot guarantee its accuracy and reliability as we have not checked, audited or reviewed the information and all intending purchasers are advised to conduct their own due diligence investigation into the same. To the maximum extent permitted by the law we do not accept any responsibility to any person for the accuracy of the information herein.