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Turnbull Thompson Park, 268 & 270 Tay Street

Motel Development Site

$365,000 Plus GST (if any)

Listing Number: IV37348
About this listing
Tay Street, Invercargill.
Good Holding Income!
Motivated Vendor offers these well situated rented properties on a busy arterial route, very close to the C.B.D.
The site of approximately 1,500m2 in total currently comprises of two residential dwellings situated on adjoining freehold sections and returning $440 per week
Resource Consent to construct a 16 unit motel complex plus a manager's residence, due for renewal.
Offering many options for a prospective purchaser, develop the site or land bank for the future and reap the present income currently generated from the property.
Price $365,000 + GST (if any)
Property Information
  • Tenure: Fee Simple
  • Property Type: Other (Development Site)

Contact Details

Invercargill

Holmwood Real Estate Ltd

Licensed REAA 2008

182 Dee Street
Invercargill
Office website

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