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|Approx 405 m²
This is an excellent opportunity to develop an inner city building into additional apartments or renovate the ex-office space. Located in the heart of Dunedin, it is a very short walk into the CBD for working or the Octagon for socializing.
The property currently contains a 2-bedroom and a 3-bedroom apartment (both tenanted) at street level and an open plan ex-office space in the upper level (approximately 184 sqm) ripe for further development. This could be additional apartments or a refurbished commercial space depending on your preferences and subject to the necessary Council consents. The apartments are well designed and fully functional with private outdoor spaces to the rear.
The property recently received a new roof, while fire systems were installed throughout the building in prior renovations. A full building report, IEP, LIM and property documents are available for your review.
Opportunities to purchase and develop freehold buildings this close to the city are rare. We recommend early investigation prior to the Deadline Sale date of 12 pm, Thursday 4th April 2019. No prior offers will be considered.
- 184 sqm of ex-office space to develop
- Existing holding income with two apartments
- Freehold Building
- Located in the heart of Dunedin City
To view a 3D Virtual Tour of the development space, click on the link above.
For a full Colliers Information Memorandum, 3D Virtual Tours of all three spaces and additional property documentation, please go to www.colliers.co.nz/212056 and download from our "DATAROOM" button (on desktop version only, not mobile).
Viewings are by appointment only with the Broker.
Other investment options at www.colliers.co.nz/student-investment