Milestone Sales In Otago's Commercial Real Estate Market

Jim Packer is our resident NAI Harcourts Commercial Agent, and has been part of two very significant Otago sales in recent times.

 

Firstly, the sale of the Cook Brothers Building at 15 Anzac Avenue in Dunedin to Ronald McDonald House.  This sale was completed in November 2022 but due to a confidentiality clause no public announcement of this sale was made at the time. However we can now reveal that Jim successfully marketed this key commercial building for sale, and found Ronald McDonald House to be the ideal buyers.  The location close to the new Hospital build, and the ability of the property to be converted to suit the purpose, made it an ideal option. Final settlement for this building is set for December 2023.

 

 

Another key sale was the Warehouse building in Alexandra which sold under the hammer in last week’s Trophy Commercial Auction day.  The strength of NAI Harcourts is the nationwide team, and Jim teamed up with Tim Turner from NAI Harcourts Cooper & Co to bring this property to the market. Two bidders fought it out on the auction floor for this key Alexandra landmark building, with the eventual sale price of $4.5M, it was sold under the hammer!

 

Harcourts NAI is one of the world’s largest commercial real estate groups with over 300 offices across the world, and more than 5100 sales agents. If you’re looking to sell your commercial property across Otago, call Jim Packer 027 450 0498, and get the marketing reach and teamwork of NAI Harcourts working for you.