69 Buckingham Street

Description

SOLD

Buckingham Cottage was built in the late 1800’s – the earliest reference being a photo taken in 1875. It has been expanded adding two more buildings over the years continuing the heritage look and feel to what we have for sale today, a combination of modern comforts and timeless design. The ‘Buckingham Cottage’ building is a category two property in the Heritage NZ register and a category three in the QLDC register to protect its external appearance.

Currently leased by a mixture of tenants the property has a steady income stream and plenty of scope for improvements in the next chapter of its impressive history. Buckingham Cottage has a commercial tenancy but could be converted to residential with both Resource and Building Consent in place to expand the small kitchen and add a door opening to a private courtyard. The middle building is being used as an art studio with two other rooms and a full kitchen – also very suitable for an office and/or showroom. The third building has been recently renovated creating a charming studio apartment with en-suite and kitchenette plus separate rooms for its garage, laundry and loft storage.

On balance the property offers an opportunity to purchase a mixed use investment hub with two street frontages only 200 metres from the Arrowtown Post Office with at least seven off street carparks. These opportunities don’t come to market often, as proven by only having four owners in the past 150 years.