Here's an exciting commercial property opportunity in the heart of Glenorchy Township, just moments from the beautiful shores of Lake Wakatipu. This well-positioned commercial building offers three separate long-term tenancies, providing an excellent combination of existing rental income and future potential.
The two front shops are already leased with two established long-term tenants, providing an immediate income stream. A workshop and office still remain available for lease. One is a gift shop, and the other is a restaurant. The third tenancy is currently available for lease and features a practical workshop/garage space together with office accommodation.
This could be an ideal opportunity for a local business owner or operator who needs their own workshop and office space, while also benefiting from the rental income generated by the two established tenants.
With its central Glenorchy location, the property is conveniently positioned within the township and close to Lake Wakatipu, local businesses, services and the growing visitor market. Whether you're looking for a commercial investment, a base for your own business, or a combination of business premises and rental income, this property offers flexibility and potential.
Preliminary investigations with council have indicated that it may be possible to convert the office and workshop space into self-contained living accommodation. Hence, further investigation with QLDC and additional consents will be required.
A great opportunity to secure a commercial property in one of Central Otago's most sought-after and picturesque locations. There are not many commercial properties available in this growing town.
$1,750,000 +GST if any
Enquire today to find out more.
PLEASE NOTE: This is a commercial property with no bedrooms. Although the zoning may permit residential use, further approval from QLDC and additional consents may be required.
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