This high profile and iconic mid-city Gisborne landmark property is for sale after many years' ownership which comes with existing ground floor tenants/income and includes two titles with substantial undeveloped areas.

While the buildings require earthquake strengthening this is a rare opportunity to take advantage of the large areas on the first and second floors of the Channels Hotel title plus further large vacant spaces in the Peel Street title, all adding up to considerable income potential.

Recent engineer's reports and commercial lease details are available on confidential application by qualified potential purchasers.

The sale of this considerable property is by confidential negotiation expressions of interest with interest suggested at above $1.5m (plus GST if any).