Ex BNZ Building, 114 High Street, Dannevirke, Tararua
Buyers $350,000+
516m2
534m2
+22
+21
Iconic Dannevirke heritage building for sale
This historic gem is well known to thousands of State Highway 2 travelers. This beautiful former bank building was purpose built in 1915 for the Bank of New Zealand. Built originally with the commercial bank premises on the ground floor and accommodation for the bank manager on the first floor. Designed in a classical style typical of NZ Bank buildings of that era by the renowned English architect Joshua Charlesworth. Nearly all the original features remain including zinc ceilings, main bank vault and a spectacular glass dome over the public banking area. A large distinctive building of approximately 534m2 floor area. Currently used as a pawnshop and secondhand business with the upstairs flat tenanted. The upstairs accommodation has separate access. The future options for this building and site are many and varied. Vacant possession is available or the property can be purchased with existing leases in place. Currently returning $600 per week +OPEX. Sited on a prominent main road corner section in the centre of Dannevirkes CBD. An exciting opportunity is available at a price substantially less then the current Dannevirke median residential property price. Dont delay with your enquiry. Our vendor is motivated to sell.
Ex BNZ Building, 114 High Street, Dannevirke, Tararua
Web ID
DC178343
Floor area
534m2
Land area
516m2
District rates
$4,472.51pa
Regional rates
$215.28pa
LV
$150,000
RV
$170,000
Buyers $350,000+
Print property flyer
View by appointment
Contact
Property enquiry
About the location
You might also like
18 Gordon Street unit built in 1960s. Can be purchased together with 20 Gordon St. This very well- maintained unit consists of spacious open plan office/shop , kitchen/storage room and bathroom facilities at the rear with exit. Heat pump for sufficient heating Currently leased for 3+3 years and earning $7,200 nett (tenant pays rates and insurance). Estimated NBS is around 68%. This investment is a rare opportunity to start your portfolio at a very attractive price with potential return of 8%. You need to be quick. Call us now!
By Negotiation
20 Gordon Street unit (1960s era with recent improvements) can be purchased with Unit18 Gordon St. This very well-maintained unit consists of good size reception area, three separate offices, meeting room (could be used as a fourth office, or storage, or sublet), kitchen and bathroom facilities down the hallway and rear access. Heat pumps provide efficient heating. Call us now.
By Negotiation
Fully leased building earning $25,000+GST +rates +shared insurance. - Current RV $355,000 (Sept 2023). - Final lease expiry date Feb 2030. Renewals 2024 and 2027. - Tenant is willing to extend lease up to 2040. - Located in a prominent SH2 position with high traffic flows. This Iconic two-story historic building of the 1910 era features a comfortable upstairs 3-bedroom flat, which includes storage, kitchen, laundry, staff toilet, staffroom area, bathroom and lounge with privacy and views over CBD. The tenant occupies a flat upstairs and utilizes the ground floor as a well-established and well-known toy and puzzle-making business, retailer, and book distribution center. Dont miss this unique opportunity - book your private viewing now!
From $349,000 + GST (if any)
Request for information files
