Alexandra, Central Otago / Lakes District

We present to you a great opportunity for an astute buyer. This Freehold Investment (on the ground floor) and the Freehold Going Concern commercial building (on the first floor) is a 1930s two level commercial building with subsequent additions and renovations having been made to the ground floor retail and office, and the first floor to medium to long term accommodation uses.The upper level is being currently operated by the owner as a goingconcern business known as Whitelock Lodge.The building is located on a rectangular shaped corner lot withfrontages to Tarbert, Deel and McDonald Streets within the Alexandra Town Centre.The Land Area is approximately 479 sqm and the Building Area is approximately 867.8 sqm. The Seismic Rating is assessed as likely being in excess of 80% NBS.TenancyDetails Tenants include House of Travel Retail 156.8 m2, McLarens Group Office 46.7 m2, Oh My Retail 92.8 m2 and Owner Occupied Lodge (Whitelock Lodge) 560 m2. Owner Occupied Details – Whitelock Lodge is the owner operated Going Concern accommodation business. The business is relatively new with a limited trading history.