Situated on State Highway One in the CBD of Oamaru is this unmissable opportunity with multiple streams of income.
Downstairs' is a fixed term lease with a long-term commercial tenant while upstairs are two modern residential flats that are currently fully tenanted. One is a 1 bedroom while the second is a 2-bedroom unit. IEP Report of 50%.
Enquire today for an Information Memorandum.
Buyer Enquiry Over $379,000 + GST if any
Contact Stephen Robertson 0274 731 112
VACCINE PASSPORT IS REQUIRED TO VIEW
From a sheltered position almost halfway between the Equator and the South Pole, is Oamaru. With a population of around 13,800 it is well placed to service the farming and pastoral districts of coastal North Otago and the Waitaki Valley. Located 115km northeast of Dunedin and 85km southwest of Timaru, the area enjoys a warm, dry climate.
Oamaru is the distribution centre of a predominantly sheep-farming area. Other land-based industries include dairy, cattle, deer and goat farming, cereal crops, market gardening and cash cropping. In and around Omaru are freezing works, a limestone quarry, fertiliser works, flour mill, stock food plant, woollen mills, iron foundry, engineering works, stone mason and sawmills. Confectionary, bacon and ham, and speciality cheeses are produced, while the Waitaki Valley is noted for its hydro-electric dams and fruit growing.
Known as the 'White Stone City' because of the use of the district's unique creamy limestone in its buildings, it draws much of its charm from these handsome buildings bordering the tree-lined main street. Less well known until recently are the early commercial buildings of the Harbour/Tyne Street precinct. An exciting project, "Historic Oamaru" now aims to restore and retain this area to give New Venture workshop space for small businesses and to enhance the district's already considerable potential for tourism. Guided tours of the historic buildings are available.
Oamaru's amenities reflect the maturity of a town which had its first Town Board in 1862 and was once the sixth largest town in New Zealand. The Oamaru Public Library, North Otago Museum and Archives, and Forrester Gallery combine to provide well-endowed cultural facilities of a professional standard unsurpassed in a town of this size. The fine, established trees and gardens of the Oamaru public gardens are among the finest in New Zealand.
Oamaru has excellent facilities for all sports codes. Centrally placed in the South Island, with a modern Recreation Centre, it is used increasingly as a conference centre by business sporting and cultural organisations.
With first-class hotel and motel accommodation, and pleasant motor camping grounds, Oamaru is the gateway to the Waitaki Valley and its accessible Maori rock drawings, salmon and trout fishing, boating and water sports. There are also many geographical curiosities, for example the Elephant rocks and earthquakes, in and around the Duntroon and the Clay Cliffs at Omarama. Omarama is a great gliding centre and the site of the 1994/95 World Gliding Champos. There are jet boating and 4WD safaris at Kurow.
To the south of Oamaru is Totara Estate (a memorial to the frozen meat industry), and the Kakanui market garden area. Also to the south, are the Moeraki Boulders and Lighthouse, where comprehensive nature tours are available. Herbet Forest and Trotters Gorge offer pleaseant picnic spots and bush walks. Palmerston, 59 kms south, has Puketapu Hill and the monument dedicated to Sir John McKenzie, Minister of Lands in the 1980's. Macraes Gold Mine, the largest modern gold mine of its type in the country is sited aongsde the historic Golden Point Mining Battery. Tours are available on Saturdays and Sundays.
Penguins, seals and dolphins (including Hector's dolphins) are often seen along the North Otago coast. Special efforts are being made to protect the rare yellow-eyed penguin and its habitat. Also, there is the Little Blue Penguin colony at the Oamaru Harbour where fences have been put up, nesting boxes in place, planting of bush, lighting erected and large viewing platforms where nightly viewing takes place.
Oamaru Visitor Information Centre
1 Thames Street
Private Bag 50058
Phone: (03) 434 1656
Fax: (03) 434 1657
Oamaru's centre contains many well-preserved Victorian buildings, ranging in style from Greek to Gothic. Historic building and house tours are available and the town's Victorian heritage is officially celebrated every November.
Little blue penguins can be seen at the Oamaru Penguin Colony and rare yellow-eyed penguins can be seen at Bushy's Beach. There are viewings and tours available for both of these.
Oamaru's Botanic Garden is renowned for its beauty.
The Waitaki River and lakes Waitaki, Aviemore and Benmore provide many scenic attractions and recreational opportunities. The Waitaki River Salmon Fishing Contest is held every March.
The coastal road to Kakanui is exceptionally scenic.
Guided tours are conducted at the Benmore Power Station.
Maori rock art and the intriguing limestone Elephant Rocks are found at Duntroon.
Our local playgrounds can be found by clicking here
Oamaru has many hotels and restaurants, including:
(03) 434 6247
(03) 434 5696
Fat Sally's Pub & Restaurant
(03) 434 8368
Galleon Family Complex
(03) 434 0017
Portside Restaurant & Bar
(03) 437 3400
The Last Post Restaurant
(03) 434 8080
Taxi services include:
(03) 434 1234
(03) 434 6666
Whitestone Taxis Ltd runs a bus service from town to the Iona Home and Hospital and return. It operates three times a day on Tuesdays, Thursdays and Fridays.
(03) 434 1234
Inter-city services include:
(03) 434 8716
Oamaru Mini Coaches operates a door-to door service Oamaru to Dunedin, Monday to Friday.
(03) 439 4765
North Otago Museum
(03) 434 1652
(03) 434 1653
Oamaru Public Library
(03) 434 1650
(03) 434 6163
(03) 434 8770
Iona Hospital and Home
(03) 437 1870
There are a dozen or so early childhood facilities in the Oamaru district. Those in Oamaru include:
ABC Oamaru Childcare
(03) 434 5960
(03) 434 6437
Barnardos Early Learning Centre Oamaru
(03) 434 9440
(03) 434 2459
Casa Nova Kindergarten
(03) 434 2422
Edna McCulloch Free Kindergarten
(03) 434 8343
There are 15 primary schools in the Oamaru district. Those in town include:
St Josephs School
(03) 434 8856
Fenwick Primary School
(03) 434 8209
Oamaru North School
(03) 434 7512
Pembroke Primary School
(03) 437 1328
Oamaru's secondary schools are:
St Kevins College
(03) 437 1665
Waitaki Boys' High School
(03) 437 0529
Waitaki Girls' High School
(03) 434 8429
The tertiary institution in Oamaru is:
Ara Institute of Canterbury - Oamaru
(0800) 24 24 76
Waitaki Recreation Centre
(03) 434 6932
(03) 434 9940
Awamoa Bowling Club
(03) 434 9173
North Otago Indoor Bowls Assn
(03) 434 8035
North Otago Golf Club Inc
(03) 434 6169
North Otago Lawn Tennis Assn
(03) 434 5154
North Otago Netball Assn
(03) 437 1945
North Otago Rugby Football Union
(03) 437 0072
For rock climbers, there is excellent bouldering at Duntroon (contact landowners first)