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Listed 3 months ago

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ID#471522

Dunedin Central

Dunedin
PBN
5
3
1

Development Land and Character in One

The property offers a rare inner-city development option to create much needed accommodation in the form of apartments or units, in addition to the stunning existing character house.

The land size in this zoning area is capable of 19 bedrooms under the 'Second Generation' District Plan and the existing dwelling currently holds five bedrooms, allowing another 14 to be developed in the rear yard, subject to the necessary Council consents.

The location is considered a premium by developers looking to benefit from multiple tenant types (student and professionals) or provide inner-city apartments for the heated owner-occupier market.

The price guide for the sale is $1,400,000 and we have outlined suggested development options within our detailed Colliers Information Memorandum, including highest use scenarios for the development of the property and evidence of land sales and apartments for comparison.

•Inner-City Development Land
•Existing Character Dwelling
•Premium Apartment Location

To view a 3D Virtual Tour of the property, click here: https://bit.ly/2Vjlc8k

A full Colliers Information Memorandum and additional property documentation including LIM and Electrical Inspection Report are available on request.

Viewings are by private appointment only with our Brokers.

Keywords

Property Type

  • Character

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Agent

Matt Morton

Colliers International

Licensed Real Estate Salesperson (REA 2008), Member of the REINZ

Matt Morton is a specialist Residential Investment Broker for Colliers International Dunedin. Partnered with Andy Connelly, the pair focus on selling rental properties, apartments and student flats across Dunedin City.

Matt’s inception into real estate started in 2011 and was tasked with introducing the Colliers brand into the residential investment market in Dunedin. With 20 years of business and commercial management experience, Matt quickly developed a reputation for a very high level of quality and professionalism and introduced a residential investment selling strategy that still exceeds buyers’ and clients’ expectations from the real estate sector.

He is trusted by clients nationwide and abroad to deliver a smooth sales process leading to top sales in his markets and his local knowledge and understanding of the market is called upon by an array of stakeholders throughout the investment property sector. Matt now leads the residential investment team in Dunedin and continues to command the respect of his peers and investment community.

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This property was photographed by

Ewen Livingstone

Otago and Southland

ID#471522

Dunedin Central

Dunedin
PBN
proudly marketed by
Matt Morton
Colliers International
Matt
021 577 800
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