Commercial
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City Centre - Double Income Commercial

78 Gladstone Road, Gisborne

Office Building
dollar

Asking Price $450,000 Plus GST (if any)

Floor area
190m2
Land area
104m2
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Map

Property details

Listing # GBE4295 | Listed on 19 November 2024

Substantial Price Reduction from $520,000 to $450,000

Good things come in small packages which is certainly the case with this 2 level commercial building sitting right in the centre of Gisborne's CBD.
This double income property has a national brand in "TANK" as the ground floor tenant and leased office space on the first floor.
Repaired and strengthened post the 2007 Gisborne earthquake.
A great opportunity to get your foot in the door of commercial property ownership or add to your existing portfolio.
Current annual rent circa $37,000 pa plus GST and OPEX
Approximately an 8.25% return

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