$895,000 + GST (if any) is the asking price for this category 2 iconic building on the corner of Don and Dee Street Invercargill opposite the new Langlands Hotel. The site couldn't be better.
The newly designed and finished Don St entry looks amazing and adds appeal instantly.
The interior has been extensively refurbished giving it a clean and fresh feel inside.
Present return is approximately $140,000 PA net.
It doesn't come up to EQC standard, but it is still full of tenants and still standing firm after all the earthquakes we have had.
The site underpins the value at this price is pays itself off over 8.5 years.
Sold
Chattels: TBA
Rates: $5,027.65
Building Name: Alexandra Building
Land Value: $320,000
GST Included (Realestate): N
