sold
View 18+
1 of 23
1 of 23
Sold Property
$1,350,000
Bridget Smith Harcourts Dunedin
Be part of the boom, Dunedin City's rush, it is on. An opportunity not to be missed, the owner of this 1104m2 property in central Dunedin is looking to divest. Opportunities to secure a centrally located property with multiple development options are rare.
Take advantage of the resource consent currently in place for the construction of a residential apartment building consisting of 11 self-contained individual residential units.
The design boasts five levels, including basement parking. It is proposed to construct five one- bedroom apartments with an internal area of 51m2 and five two-bedroom/two bathroom units with a floor area of 71m2 plus a two-bedroom/two bathroom penthouse with a floor area of 139m2. Each apartment will have dedicated outdoor areas. 12 carparks are proposed onsite, eight contained within the basement carpark and a further four located along the southern façade.
Plenty of options here! Refurbish the existing executive level home and sub-divide the site, allowing for the construction of multiple units below, or secure this property now and land bank for future development.
With large infrastructure projects like the Dunedin Hospital and the ACC building shaping Dunedin's future for years to come, you can enjoy the growth in demand for centrally located residential property. The location, size of this property, and flexibility of options will appeal to astute buyers.
New horizons mean the owner is looking at letting this long held asset go, leaving the door open for a new owner to fulfill this property's potential.
This prime site is within short walking distance to the CBD, University, Hospital, and the new Hospital build site.
Property ID: #DU95581
Office
Licensed under REAA 2008
Sold Property
Be part of the boom, Dunedin City's rush, it is on. An opportunity not to be missed, the owner of this 1104m2 property in central Dunedin is looking to divest. Opportunities to secure a centrally located property with multiple development options are rare.
Take advantage of the resource consent currently in place for the construction of a residential apartment building consisting of 11 self-contained individual residential units.
The design boasts five levels, including basement parking. It is proposed to construct five one- bedroom apartments with an internal area of 51m2 and five two-bedroom/two bathroom units with a floor area of 71m2 plus a two-bedroom/two bathroom penthouse with a floor area of 139m2. Each apartment will have dedicated outdoor areas. 12 carparks are proposed onsite, eight contained within the basement carpark and a further four located along the southern façade.
Plenty of options here! Refurbish the existing executive level home and sub-divide the site, allowing for the construction of multiple units below, or secure this property now and land bank for future development.
With large infrastructure projects like the Dunedin Hospital and the ACC building shaping Dunedin's future for years to come, you can enjoy the growth in demand for centrally located residential property. The location, size of this property, and flexibility of options will appeal to astute buyers.
New horizons mean the owner is looking at letting this long held asset go, leaving the door open for a new owner to fulfill this property's potential.
This prime site is within short walking distance to the CBD, University, Hospital, and the new Hospital build site.
Property ID: #DU95581
Bridget Smith Harcourts Dunedin
Office Harcourts Dunedin Licensed under REAA 2008
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
Share