Business opportunity, double income

230, Great North Road, Winton, Southland

By Negotiation

Proposed Usage
Industrial
Floor Area
340.00 m²
Land Area
1012.00 m²
Description:
Property ID
1c5v3p3

All the hard work has been done. A rare offering of quality within the center of the Winton township and commercial market has become available for purchase. Our vendor has decided to part ways with this iconic, strategically located safe commercial investment and apartment.

The Bank (referred to by locals) has been earthquake strengthened to be 80% of the National Building Standard (NBS).
Currently the Bank of New Zealand (BNZ) lease the ground floor approximately 252sqm on a four year term commenced 5 May 2017 with two (2) rights of renewals of three (3) years each. The annual income is $22,400 + GST and 68% of outgoings.

The Bank Managers Apartment
The first floor two bedroom apartment has been completely renovated showcasing a quirky but retro style. The kitchen, bathroom, double bedrooms and lounge areas have been completed to highest standard and only inspection can truly represent this offering.
Currently the Bank Managers apartment is operated as short term accommodation, it is marketed at thebankmanagersapartment.co.nz.

This is a multi income investment, our vendor is serious seller.


Phone Hayden, Linda and Paula for more information or for a viewing.
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Enquire about this property

Winton Area