Ex BNZ Building, 114 High Street, Dannevirke, Tararua
Buyers $369,000+
516m2
534m2
+22
+21
Unique home and business opportunity
This historic landmark, located on a prime corner in Dannevirke's CBD, is a must-see for those passing through State Highway 2. Originally built in 1915 for the Bank of New Zealand, this striking building blends classic architectural style with rich history. Designed by the renowned English architect Joshua Charlesworth, it features original details such as zinc ceilings, the main bank vault, and a stunning glass dome above the banking hall. Spanning approximately 534m2, the building currently houses a pawn shop and secondhand business on the ground floor, while the self-contained flat upstairs is tenanted with separate access. With vacant possession available or the option to buy with existing leases in place, the possibilities for future use are endless. Currently generating $600 per week + OPEX, this property offers excellent income potential. The location, right on a busy main road, ensures high visibility and accessibility. Priced significantly below the current Dannevirke median residential property value, it presents an exciting opportunity for investors, businesses, or those seeking a unique residential option. Great option for permanent residential living with a fully self contained flat upstairs and further living potential on the ground floor. The vendor is motivated to sell, so dont miss out. Contact us today to explore the possibilities!
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 $369,000+
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Fully leased building earning $25,000+GST +rates +shared insurance. - Current RV $355,000 (Sept 2023). - Final lease expiry date Feb 2030. Renewal in 2027. - Tenant is willing to extend lease up to 2040. - Located in a prominent SH2 position with high traffic flows. - Tararua District Council has not designated this building as an EQ-prone building. 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. Don't miss this unique opportunity - book your private viewing now!
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Affordable commercial property with potentially three separate income streams in a high-traffic area of the centre of Dannevirke CBD area. This iconic 1910s Chamber of Commerce building has a Strata title and total floor area of 490 m2 (more or less). EQ-prone building. No recent Engineering assessment was completed. Consistently tenanted with the following returns: - Computer retail and repair shop - $8,840 (plus GST) + rates; - Barber shop - $12,000 (plus GST) + rates - The first floor is currently vacant and has multiple possible uses. Ignore the RV. All reasonable offers will be considered. This is a unique opportunity you wont want to miss. Give us a call now!
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