243 Hanover Street

243 Hanover Street represents a fantastic opportunity to purchase an ad-value central CBD property, sitting in a profile corner position with easy access to multiple arterial routes and amenities.

The property is located on the corner of Hanover and Harrow Streets, accessible to a number of main arterial routes in the city, including, Anzac Avenue (State Highway 88), Cumberland Street (State Highway 1 Northbound), and Castle Street (State Highway 1 Southbound). The property also sits in close proximity to The University of Otago, the new (and existing) Dunedin Hospital sites, Forsyth Barr Stadium, and much more.

The surrounding area is occupied by a range of different uses, including light industrial, trade, retail, office, and residential.

The property is currently owner-occupied by the Otago Fish & Game Council who occupy the entire first floor and part ground floor of the building (and propose to lease back for a period of 15 months following settlement of the sale). The remainder of the property is leased to Window Treatments New Zealand Limited.

The property also benefits from some on-site parking and the passing rental of $120,250pa plus GST.