Iconic commercial building and apartment
230, Great North Road, Winton, Southland
- Proposed Usage
- Floor Area
- 340.00 m²
- Land Area
- 1012.00 m²
- Property ID
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 or The bank Managers Apartment (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 split risk multi income investment, our vendor is genuinely on the market and ready to sell.
For sale by tender closing Thursday, 16 May 2019 (unless sold Prior)
Phone Hayden, Linda and Paula for more information or for a viewing.