Available PropertyFiles:

  • /1. Information Memorandum/
    • Princes Street, 21_23_ Information Memorandum.pdf
  • /2. Title/
    • Title.pdf
  • /3. Insurance/
    • Insurance Premium.pdf
    • Just House. Insurance Policy.pdf
  • /4. Leases/
    • Lease. CakeKitchen.pdf
  • /5. Rates/
    • Rates 2023 - 2024.pdf
  • /6. Tender Agreement/
    • Tender Agreement - Princes St (1).pdf
  • /7. LIM/
    • LIM L230214 -21-23 Princes Street.pdf

Property Description

This two-level commercial building has a popular local café on the ground floor with the first floor occupied by a local law firm.
Being a corner site and having a service lane to the rear provides a guarantee of three sides of unimpeded natural light and rear access to the retail, seldom found
but highly beneficial features.
The flexible lease terms on the first floor, and situation of the building will not just appeal to investors, but to developers looking at the potential for residential accommodation conversion.
This property offers a great opportunity for a wide range of investors or developers looking to capitalise on its high-profile location and/or the potential for residential conversion whilst the ground floor tenancy is occupied with a stable income stream.
• Two level commercial building
• High profile corner site with additional service lane access
• Split risk two tenants on net leases
• Potential apartment conversion

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Terms of Supply

DISCLAIMER AND STATEMENT OF GENERAL POLICY
The following information has been supplied to Capital Commercial (2013) Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.
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Contact Ethan Hourigan

Capital Commercial (2013) Limited, Bayleys,

Licensed under the REA Act 2008

+64 4 499 6022   +64 21 427 601   ethan.hourigan@bayleys.co.nz   All Listings

Contact Christian Taylor

Capital Commercial (2013) Limited, Bayleys,

Licensed under the REA Act 2008

04 499 6022   021 964 828   christian.taylor@bayleys.co.nz   All Listings