139 Moray Place Substantial investment with anchor tenant

Available PropertyFiles:

  • 139 Moray ATL Pilates - signed.pdf
  • =?UTF-8?Q?Land_Information_Memorandum_=28LIM=29_=E2=80=93_653909=2Epdf?=
  • IEP - 139 Moray Place.pdf
  • Rates information.pdf
  • /2GP Information/
    • 13.Heritage.pdf
    • 18. Commercial and Mixed Use Zones.pdf
    • 2GP Appendix A1.1 - Scheduled Heritage Buildings.pdf
    • 2GP Appendix A2 - Heritage Precinct Values.pdf
    • 8A. Earthworks.pdf
    • Planning map legend decisions version.pdf
  • /Certificate of Title and Interests/
    • 3057517-1.pdf
    • 3057518-1.pdf
    • 3057520-1.pdf
    • Title.pdf
  • /District Plan Information/
    • 2. Central-Activity-Zone-Rules.pdf
    • Map35.pdf
    • legend - District Plan.pdf
  • /Polson Higgs Lease/
    • 1997 lessee's fittings clause.pdf
    • 24032022140216-0001.pdf
    • Binder of Agreement Images.pdf
    • DEED RECORDING RENT REVIEW (1).pdf
    • Deed of Renewal and Variation of Lease dated 16 May 2022.pdf

Property Description

Some of the key investment highlights are as follow:
• Substantial investment with anchor tenant (Polson Higgs Accountants - lease term committed to 31/7/2029)
• 3 Tenancies (Polson Higgs Administration Limited, Buzan Lifestyle Enterprises Limited and one ground floor vacancy of approximately 283m2).
• Currently rental income of $329,000pa plus GST and outgoings
• Freehold site of 1,088sqm (more or less)
• 11 Car parking spaces on site
• Zoned Central Business District (2GP)
• 100% NBS (IEP assessed)

This is an excellent opportunity for investors to acquire a freehold investment in an prime corner CBD position. The anchor tenant Polson Higgs - Accountants have been in occupation for over 25 years. This is well located, well tenanted and has further rental potential.

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Contact Dean Collins

Colliers Otago

027 499 0974   dean.collins@colliers.com   All Listings