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36 George Street

Port Chalmers Otago

2
1
190 m²
338 m²
House
Currently for sale - view listing

Overview

Prime Mixed-Use Investment - Still Available!

Positioned proudly on the main street of Port Chalmers, this substantial mixed-use building comes with three established tenancies already in place. Invest in the building with a hands-off approach to the business, and enjoy a current weekly return of $1,400. Important Information: • NBS Rating: 40% • Cafe (until 2/9/27) and flat (Periodic) leased to the same Tenant($600pw cafe and $400pw flat) • Shop lease flexible and negotiable ($400pw) current expiry 1/1/26 At the front, a spacious shop has been tastefully renovated in keeping with the building’s original charm. Formerly a much-loved café, it features polished concrete floors, character ceilings, and large bifold doors that open wide to the street. This space includes its own bathroom and separate toilet, a commercial kitchen that services the back café, and a storage area that could easily be reinstated as the original bar. To the rear of the shop is a sunny, sheltered courtyard with access to the popular new café, connected by a shared gate between the driveway and courtyard. The café is warmed by a cosy fireplace and bathed in natural light streaming through its bifold doors. In the warmer months, these open to create a relaxed al fresco dining atmosphere. The café also includes its own toilet and serving kitchen, and is well-patronised by both locals and tourists alike. Above the shop, with its own private entrance, is a tidy two-bedroom apartment. Retaining its period features, it offers decorative fireplaces, original timber detailing, and high ceilings. The bathroom includes a traditional chain-pull toilet, paying homage to the building’s history. The kitchen boasts a walk-in pantry and laundry, while a small private deck provides a sunny spot to relax. A hallway heat pump, along with excellent sun, keeps the apartment warm year-round. This rare opportunity is offered with all three leases in place. The Property Pack with NBS Report can be downloaded from the listing on our Tall Poppy website. DCC rates are $7,138.03 PA. Power and water rates are paid by the cafe leasee. Insurance $10,400

Features

2 bedrooms
1 bathroom
190 m² floor area
338 m² lot size
House

Happy sellers in Port Chalmers

<50%
50% of sellers in Port Chalmers reported that their sale price either exceeded or met their price expectations.

Port Chalmers stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in Port Chalmers over the last 12 months.

Local market activity for 2 bedroom houses in Port Chalmers

In the last 12 months, 5 two-bedroom houses similar to 36 George Street, have been sold.

This represents a 29% increase in two-bedroom houses sales when compared to the previous 12 months.

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